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

To: dana ingram who wrote (111)	1/10/1999 4:04:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 2383

Dana, if you agree with me that a fair value for PROG could be around one time yearly sales, or about $60/share, it sure is a good long term hold. I think, however, that it is important to note that not all the internut are selling at a PSR of 25 like AMZN, and MZON currently at a PSR of .5 is such an example of lower valuations in the field. Give us two years in front of the momentum players and a massive short interest position and we could possibly go to some overvaluation, but not so fast. Zeev