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Technology Stocks : CyberGuard Corp. (CYBG) -- Ignore unavailable to you. Want to Upgrade?


To: LarryG who wrote (1467)4/13/1998 7:20:00 PM
From: jas singh MD  Read Replies (2) | Respond to of 2616
 
Good evening Larry,

I'm probably going to sound like a broken record...but here goes.
The recent takeovers of Firewall companies have gone for 7-17 times 97 revenues. Considering that we did ~20 million dollars in sales last year and using a multiple of 10 times 97 revenues, this would give us a price tag of ~200 million dollars. Well, you can do the math, 200 million into 8.3 million shares.
NOW, THE ABOVE DISCUSSION IS ONLY VALID IF WE WERE ONLY A FIREWALL COMPANY. As many on this thread have pointed out in the past, the real jewel in this company is in fact TRADEWAVE. I would suggest that everyone re-read the last PR in which the analyst from the Gartner Group made some VERY INTERESTING comments regarding our technology. Furthermore, I would suggest that we all re-read the PR regarding the Coopers and Lybrand contract. Specifically, the portion that deals with VRSN!
What is the market cap for VRSN.............
NOW, YOU TELL ME.....WHAT IS THIS COMPANY TRUELY WORTH????

Sincerely,

Jas

Obviously, please take my comments with a grain of salt since some would consider me to be somewhat bullish on this company :-)))))