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To: ScotMcI who wrote (21352)	3/16/1999 6:58:00 PM
From: orkrious	Respond to of 25960

Any clues as to what the profit margins are for each type? Although this doesn't answer your question, after-tax net profit margins were 15% in the June '97 quarter, the last one before the great debacle. Although it is not very scientific, I will guess that the future holds greater returns than this. I recognize that higher tax rates are in the cards, but it is a reasonable assumption that higher gross profit margins on more advanced lasers and economies of scale will more than offset the higher taxes. Also, don't forget much higher margins on service and spares. If you conservatively apply a 15% after-tax computation to Akins Y2K sales projections of $500 mil (see below) Message 8155259 you get $75 million in profit. If you assume all of the convertible bonds are converted and throw in a few more shares for options, we will have 34 mil shares outstanding in Y2K. This equates to EPS of $2.20. At a 50 PE, this gives us a price of $100/share. Clearly, we should be selling for this by the end of 1999. My prediction, based on the last two days action from 3:30 to 4:00 and MSDW's comments this morning: we will shortly see 30 in the rear-view mirror. Jay