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Technology Stocks : ATCO -- Breakthrough in Sound Reproduction -- Ignore unavailable to you. Want to Upgrade?

To: Lee Barrineau who wrote (302)	4/18/1998 1:44:00 AM
From: Savant	Respond to of 2062

Reverse engineering math:$70/20 p/e=$3.50 per share net earnings $3.50x 10,800,000shrs=$37,800.000 net $/yr divided by $18.50 net$/unit (either license or net profit margin after sga etc.) =2,000,000 units perhaps possible if we accept the very large gross margin assumption, the number of shares stays in the ball park, and some get sold some day. So who knows given the fact that investors seem to be valuing companies with a few cents or no earnings at astronomical p/e ratios, maybe the spri is wrong, and valuing it way too cheaply. This one could be fun with patience. I hope.