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Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?

To: jesse dravah who wrote (8300)	10/22/1998 6:32:00 PM
From: Brian MacDonald	Read Replies (2) \| Respond to of 14266

Based on what I heard from the conference call today, THQ is still very cheap and Brian Farrell is not happy with the P/E ratio. I calculate that the stock is presently trading at only 9.5 times projected 1999 earnings of $1.90 (and Brian himself felt that this number would be conservative). Compared to the competition, THQ is still way undervalued. With a 20% growth rate expected to both the top and bottom lines, I would think that the P/E should be at least 20. That should make the stock worth at least $38.00 - or more than a double from this level. Anyone else feel the same? Brian