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Technology Stocks : PRI Automation (PRIA) -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (449)	6/7/1998 9:26:00 PM
From: Investor2	Respond to of 1214

Re: "I am not so sure that PRIA bottomed with a 1.0 P/S in 1996." I don't know the answer, but Fortinwit also says 1.0. Message 4758780 Best wishes, I2

To: Justa Werkenstiff who wrote (449)	6/7/1998 10:11:00 PM
From: Ian@SI	Read Replies (2) \| Respond to of 1214

Justa, Bottom of PSR=1.0 comes from Baseline. This is probably why Fortinwit and I are in agreement. My WAG for divergence with Cowen / Lehman might be that Baseline is pure Price/Sales and Lehman/Cowen might use an Enterprise Value/Sales (i.e. Add in Debt, subtract cash from Market Cap) which gives a better indication of what one is actually paying to buy the company. I don't know. I haven't tracked these stats for PRIA. The current values that you posted matched what I've calculated using Friday's closing price. The EV/Sales is 1.6 as PRIA has $38.3M cash and only 0.2M debt. An even more WAG is that one of the services has made an incorrect calculation to account for the share split. That, IMO, is most unlikely. FWIW, Ian