Ness Technologies Inc (NSTC)

[ByloCellhi]

Case for a Higher Stock Price and Valuation

Here is a case for a higher stock price and valation. Price now at $10

See the link below - Clearstation great site

http://clearstation.etrade.com/cgi-bin/fundamentals?Event=earnings&Symbol=NSTC&n /a

EPS

9/04 $.14
12/04 $.16
3/05 $.14
6/05 $.13
9/05 $.17
12/05 Est $.17 Low $.18 Mean $.20 High
Year Ending 12/05 $.62 Mean
3/06 Est $.20 Mean
Year Ending 12/06 $.86

Company P/E 18
Industry Sector P/E 31
Ness's P/E will increase to the Industry Sector P/E when they produce a track record of meeting or exceeding increasing EPS guidance. The Street does NOT like surprises - especially negative ones.

Price Expectation?

$.62 Yr ending EPS 2005 x 18 P/E = $11.16 Price
$.86 Yr ending EPS 2006 x 18 P/E - $15.50 Price

And what if The Street starts to bring the valuation to a higher level? You do the math...

GLTA

Bylo