The company, whose revenues doubled last year to $106 million, is trading at 417 times 1997 earnings.
A. Technology stocks right now are trading at 48 times forward earnings.
The four largest companies are trading at 9.5 to 13.8 times their estimated 1998 earnings per share.
Its shares trade at more than nine times projected earnings.
Historically, they have traded at between 18 and 20 times forward numbers.
Most best-of-breed companies trade at 1.5 to 2 times their growth rates.
Yet some technology companies are trading at more than 50 times their earnings estimates.
Now they are trading at 7.8 times expected 2003 cash flow.
After six months, it was trading at a 410 percent gain, or more than five times its offering price.
The shares now trade at about 20 times projected 2003 earnings.
