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Technology Stocks : Sapient (SAPE) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Trocchi who wrote (118)	1/15/1999 3:00:00 PM
From: Albert Youssef	Read Replies (3) \| Respond to of 178

Bob, I don't really agree that SAPE was overpriced at 50. After all, it's earning .70 this year and is expected to earn over 1.00 next year, and earnings growth has been and can reasonably be expected to remain around 50% for the intermediate term. After all, SAPE has a very small penetration of the vast systems integrator business. So 50x next year's earnings seemed a fair valuation to me. Also, SAPE, although small in size, seems to be making a name for itself as a specialist in enabling companies to use the Web to their advantage. This seems to me to be a great area of expertise these days. And the company, thus far, has executed extremely well. Having said all that, I imagine that the recent runup is mostly due to people becoming aware of SAPE as a web enabler, and I think that at this point the stock has gotten a little ahead of itself. So I sold my shares, and if the stock eases back, I'll get back in. Personally, though, I would not short this stock. Just wanted to take my profits and look for a re-entry. Too bad I had a piddling little position, maybe if I re-enter later I'll take a bigger one. In short my assessment is: good company, great business to be in, but the stock price essentially hit my 12 month target. Good luck, Al