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

To: Larry Brubaker who wrote (333)	1/20/1999 12:16:00 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 2383

Larry, I was joking with the $.36, I personally would prefer to see $.30 to $.32, that will be an indication that they are reinvesting in the internet side of the business. Of course, a 1% shift in gross margins, would mean some $.4 more in pretax(about $.21 after tax) then I expected, and a .3% increase in profit margins could get them into the $.34 to $.36 range and allowing for investing close to a million in the internet side of the business. Possibly, the whispering indicates not just increased in sales, but some improvement in gross margins. That is not impossible, since their cost of sales includes the cost of catalogues which would have been the same for $54 MM in sales (last quarter) and the $72 MM in sales for the December quarter. I guess we will have to wait and see what number comes up. Zeev