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Technology Stocks : Barringer technology (barr) -- Ignore unavailable to you. Want to Upgrade?

To: Phil Abel who wrote (538)	4/21/1998 4:00:00 PM
From: Grommit	Respond to of 652

Question - I owned this stock for a short time last year and am looking again. I see Robertson Stephens with new EPS estimated at .65 and .85 for 1998 and 1999. I see a couple of other analysts in Zacks and I presume they are Janney Montgomery and Cruttenden Roth (who's old reports I still have.) There seems to be a divergence in the estimates 1998 at .65 (new) and .96 and 1.15 1999 at .85 (new) and 1.35 These new projections look spooky, especially with a decent Q1. Anyone have anything to add or especially -- has anyone chatted with the company to get their comfort zone? Thanks for the help, grommit

To: Phil Abel who wrote (538)	4/22/1998 8:23:00 AM
From: Leedm	Respond to of 652

Thanks Phil for the help. < I believe that the warrants expire 12/99 and 4 warrants are convertible into 1 share of BARR, and the strike price is $9 and change? So "parity" is around $14 or so? In other words above that parity price, the warrant is "in the money" and 1 BARRW will appreciate $0.25 for every $1 appreciation in BARR thereafter.> Boy I hate to sound dense here but where did the $14 price (parity) come from. And how do you determine if the warrant price is good value in relation to the stock price? Thanks, Lee