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FWIW, Yahoo shows a forward PE of 22.

I'm still waiting for this company to hit the $1B annual revenue mark -- maybe within a couple of years. They're going to continue to benefit from domestic R&D and educational (university) sales; and so far, I don't see any potential competition on the horizon. I suspect they have a very strong patent portfolio, even now, which can help them remain the primary even if a competitor gets a little foothold on something like LabVIEW.
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