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Technology Stocks : PROGRAMMER'S PARADISE (PROG) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (29)	1/9/1999 1:16:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 2383

Zeev, I think the "warts" have been identified by a few of the previous posts (e.g. declining margins and profits). You have suggested that profits, at least, should now start to pick up again with the higher sales volume. My question, how much of the decline in profits may have been due to one-time effects of their major acquisition? Would it be reasonable to expect that some of the profit slippage was temporary even with no increase in sales?

To: Zeev Hed who wrote (29)	1/10/1999 7:52:00 AM
From: Crossy	Read Replies (1) \| Respond to of 2383

Zeev, PROGs valuation is so low (current PSR of 0.25) that a standard valuation that should come with visibility, coverage, a bunch of internet-centered press releases and some CNBC mentioning could really propell this one to $100. Look where MZON was before it was discovered. This one is profitable, also. So a rational ultimate target is $100. Finding disparities in valuation of sympathy plays can be a great source of investment profits. Anyway, I won't say that PSR of 2 is anything else but conservative for an e-biz play.. best regards CROSSY