Researcher- STV
They made $.09 this last qtr on $46M in record revenue. From what I gather, they usually don't pay income taxes because of a sizable loss carryforward. Re, I assume this quarter was unusual, so lets say $.13 pre tax for the Mar qtr. Even so though, how do you get to an estimate of $1.00 EPS for 2005(message on June 14)? I know they said margins should improve for the remainder of 2005, so I do expect better numbers, but they don't seem that cheap if you annualize $.13 for 4 quarters. They would have to over double their bottom line to get to $1.00 for 2005. Of course the PE you give it depends stongly on growth also. Re- at what pace do you expect them to grow for the remainder of the year, and what kind of top line numbers do you feel we'll see for the June qtr? Wade