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Technology Stocks : Excel Switching Corporation (XLSW) -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (36)	5/4/1998 12:13:00 AM
From: hydrozonie	Read Replies (1) \| Respond to of 222

Annual meeting is this Friday, May 8, 1998. Is anyone going? If so, a report back to this thread would be appreciated. According to the annual report, the meeting will be at 2:00 pm, Boston time, at the Cape Codder Hotel, Route 132, Hyannis, Massachusetts. Past financial history of XLSW is interesting. This is gleaned out of the annual report and other sources: FY Net (ends last Revenues Income Y-O-Y Diluted Y-O-Y wk of yr) (,000s) (,000s) Increase EPS Increase 1993 10,033 1,396 .05 1994 20,723 4,190 200% .13 160% 1995 36,161 5,411 29% .17 31% 1996 62,050 7,901 46% .24 41% IPO 11/97 1997 88,727 18,616 136% .54 125% 1998 IBES estimate .63 1999 estimate .83 1Q/1998 25,600 5,400 .14 Friday's closing stock price of 21 1/4 gives a 1997 p/e of 39.3, and forward looking p/e's of 33.7 for 1998 and 25.6 for 1999. Based on 1Q revenue and net income growth this year, I suspect the the '98 and '99 estimates may be mite low. Anyway, XLSW seems slightly more compelling than one of those internet stocks that will not turn a profit for several years, if ever. cgg