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To: mst2000 who wrote (727)5/5/1999 1:14:00 PM
From: Zeev Hed  Respond to of 4443
 
MST, I realize that from a cash flow point of view your model may work, but the street will evaluate these at post taxation, not pretax, even if they can earn some $30 MM before they start paying taxes. You should thus take just 55% to 60% of you figures.

Zeev



To: mst2000 who wrote (727)5/5/1999 1:15:00 PM
From: Sir Auric Goldfinger  Read Replies (1) | Respond to of 4443
 
No way on even 1 cent per share. Where are your S & M costs? You know, sales & marketing, customer care costs? You better get some more napkins.....