[net.invest] CVGT info please

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.