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To: Mohan Marette who wrote (1128)1/23/1999 9:04:00 AM
From: orkrious  Read Replies (2) | Respond to of 2339
 
SoundView's $35 price target and Legg Mason's $34 are ridiculously low. With a $.50 eps run rate, 70-75% revenue growth, and eventually a greater growth % than revenue flowing through to the bottom line, and a dominant market position, the stock should have a PE of at least 75. FY 99 earnings could easily be over $.75 and FY 00 $1.20. By the end of the year, when the stock is selling based on Y2K earnings, it could easily be $100.

Jay



To: Mohan Marette who wrote (1128)1/23/1999 11:48:00 AM
From: D. K. G.  Read Replies (1) | Respond to of 2339
 
I'm beginning to lose count but that makes 6, yes 6, upgrades in one day. Now that the analysts have swung to such bullishness, should one take that to be a contrary indicator? Especially now that Soundview has gone from a hold to buy. This is only a rhetorical question as I plan on holding for a while. I think I would like a job that allowed me to be so egregiously incorrect and still keep it. Soundview is held in high regard for its technology coverage by many traders and investors. This goes to show there are always exceptions.

regards,

denis