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

To: Zeev Hed who wrote (245)	1/14/1999 1:34:00 PM
From: Chris O'Keefe	Read Replies (4) \| Respond to of 2383

Can you help a relative novice out with this EPS discussion--I must be missing something. Currently, Yahoo quote shows PROG with an EPS of .60. If financials released around Jan. 29 shows a quarterly EPS of .30, don't we multiply by 4 (four quarters in a year) to get the annual EPS? And, if so, that's an EPS of .30 x 4 = $1.20. Continuing: $1.20 x 20 P/E = $24/share. And we're currently at $13.50/share. Am I missing something? Isn't this a no brainer to go to $24?? Thanks, Chris