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Technology Stocks : Hummingbird Comm. (HUMC) -- Ignore unavailable to you. Want to Upgrade?

To: micromike who wrote (1815)	3/7/1999 5:31:00 PM
From: Mitch Vine	Read Replies (2) \| Respond to of 2018

Back of the envelope calculation... If the analysts are right, next year's combined earnings from the two companies would be $ 43.5 million USDollars. If each PCDOCS shareholder gets .333 HUMC shares, that would add 7.7mm shares for a total shares issued of 23.2 million. We could calculate eps as 43.5 / 23.2 = $ 1.87 per share. If the combined company could generate a PE ratio of 25x that would equate to a price of 1.87 x 25 = $ 46 US. Would anyone like to comment on these thoughts??