NETsilicon IPO (FIBR spin-off) Message Board

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To: Bryon Bothun who wrote (15)	7/27/1999 9:36:00 AM
From: Bryon Bothun	of 24

<A HREF='http://usas1.advfn.com/oasis/oasisc.php?s=45&w=336&h=280&t=_blank' TARGET='_blank'><IMG SRC='http://usas1.advfn.com/oasis/oasisi.php?s=45&w=336&h=280&t=_blank' WIDTH=336 HEIGHT=280 BORDER=0></A> Just a couple of off-the-cuff valuations. Right now ELON is probably the company with the closest business model to NSIL. They have not yet reached profitability and are growing ever so slowly. Their current market cap is about $250 million or $7.50 per share which equals 93 times their forward PE (Dec 00) of .08. Using that same multiple for NSIL's projected earnings (Jan 01) of .28 yields a price of $26.25. MAKR is a recent IPO in the same Industry (actually NSIL is a cross between the semiconductor and software industries). MAKR has a forward PE of 206 which yields an NSIL price of $57 11/16. MAKR is also not yet profitable but has growth rates that are very comperable to NSIL's. It looks like NSIL is an easy triple from its midrange projected offering price of $9.
<A HREF='http://usas1.advfn.com/oasis/oasisc.php?s=56&w=750&h=50&t=_blank' TARGET='_blank'><IMG SRC='http://usas1.advfn.com/oasis/oasisi.php?s=56&w=750&h=50&t=_blank' WIDTH=750 HEIGHT=50 BORDER=0></A>