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Technology Stocks : PWAV- the hot new IPO -- Ignore unavailable to you. Want to Upgrade?

To: Medisco who wrote (1180)	6/12/1998 12:12:00 AM
From: Doug Fowler	Read Replies (1) \| Respond to of 1491

I don't view $0.11 per share for this quarter as anything good for PWAV, as that would be lower than a year ago, as well as lower sequentially. Basically, this company's business is going down significantly from two quarters ago, and yet, if they earn 11 cents this quarter, they will be trading at an annualized PE of about 35 at current stock prices. This one would appear to have even more room to drop if some really good news in not forthcoming...