Overpriced? You Bet COMPANY COMMENT PRICE* P-E SHORT (1996 INTEREST EARNINGS) RATIO** BAY This developer of computer 29 21 1.3 NETWORKS networks is under severe competitive pressure DIANA CORP. A high-flying tele- 79 neg. 2.4 communications company, Diana has a growing following despite continuing losses IOMEGA Manufacturer of disk drives 41 1/64 91 3.2 has been driven to sky-high multiples by investor enthusiasm on the Internet LAM Skeptics believe that 37 1/4 8 4.4 RESEARCH the shares in this integrated-circuit equipment maker will tumble MICRON Computer-chip maker has 31 9 3.5 TECH- been hammered by falling chip NOLOGY prices. Bears wager that its woes are only just beginning NOVELLUS Another designer of 47 7 2.8 SYSTEMS integrated-circuit equipment, this stock may well see more declines ahead PLANET One of the spring's hottest 25 1/4 62 NA HOLLYWOOD IPOs, investors have pushed the stock sky-high PRESSTEK This printing technology 134 223 16.5 company continues to confound naysayers who say the stock is destined to fall ZOLTEK Stock in this 84 111 0.5 industrial-materials company has climbed to levels that may not be sustainable *As of June 4 **Open short positions, divided by average daily volume NA=Not available DATA: BLOOMBERG FINANCIAL MARKETS

Updated June 14, 1997 by bwwebmaster
Copyright 1996, by The McGraw-Hill Companies Inc. All rights reserved.
Terms of Use