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Technology Stocks : ASIC – Clients include NYSE and Bank of Boston -- Ignore unavailable to you. Want to Upgrade?


To: Retaylor who wrote (27)2/23/1999 10:42:00 PM
From: Todd White  Read Replies (1) | Respond to of 188
 
Not much discussion of the earnings release so far. With only 3.9 million shares outstanding, major strides toward profitability, and potentially more news coming soon, ASIC should be getting back to at least its book value of 0.40 or so in the short term. It should probably be valued higher based on the company's potential and high-brow clientele, but I don't know how quickly it will get there. Depends how the daytraders react to the news. Might be an initial sell-off due to overexpectations, but it should rebound quickly.

Any other opinions?