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 Technology Stocks : Niku Corporation (NIKU)

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To: zx who wrote (40)5/2/2001 4:51:30 PM
From: David Howe of 57
 
Well, they are giving us a heads up on earnings.

siliconinvestor.com

Not quite as bullish as I was hoping for. <g>

Still, they state that they are in good financial shape and are targeting profitability in the near future (prior to requiring additional financing).

Projected sales for this year are 85 - 90 million. With a Price to Sales ratio of 5 that puts the stock price at around $4.5. Well above today's level. 5 is on the low end for P/S ratios of companies in this industry.

They'll need to show continued acceptance of their products and be on track to at least break even before the stock will deserve this PS ratio. That may be another quarter or two away.

IMO,
Dave
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