geopi@hou2h.UUCP (G.COTSONAS) (10/25/84)
Does anybody have any current info/wisdom on the falling price of Convergent Technologies (CVGT), and/or their future prospects?
stern@inmet.UUCP (10/31/84)
#R:hou2h:-67200:inmet:4300005:000:783 inmet!stern Oct 29 10:24:00 1984 Not knowing huge amounts about financial management, I can offer a hacker's view of Convergent Technologies: I had written to them and asked for an annual report/10-K form about six weeks ago and have received nothing. I did receive literature from the other sixteen companies to whom I sent requests. What this says about them financially, I don't know. They seem to be relatively overvalued -- most companies in the hi-tech world are selling at somewhere between 15 and 25 times earnings, and Convergent was way up there last time I looked. The price dip may just be a response to their extremely high EPS ratio. --Hal Stern ihnp4!inmet!stern These views are entirely my own, and do not necessarily reflect those of my employer, my co-workers, or my stockbroker.