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Technology Stocks : Scientific Atlanta -SFA- going up ???
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To: Bryce Elkins who wrote (1015)7/20/2001 5:46:07 PM
From: Lee Lichterman III  Read Replies (2) of 1045
 
I think you did OK. I was very very tempted to do likewise in my kid's accounts as a long term hold but used every last bit of self control to wait and see how Monday looks before diving in heavy again.

This price makes no sense at all to me even with the bits of bad news. In a pre 80s market maybe but when I see stuff like DELL, CSCO, AMAT, PMCS etc etc etc selling for huge PEs on negative growth and SFA saying things might be flat for a year but has a PE of 11 as of now, I think I would rather own this one. There are only about a million boxes deployed for interactive TV, most of the country isn't hooked up to broadband yet so I see this as about the only sector that actually has a chance at forward growth. Fiber is 80% glutted and dark, everyone owns a PC already and I don't see people lining up to upgrade their cell phones anytime soon. Given a choice, I think they would rather upgrade their TV and internet service at home where they spend most of their leisure time than watch movies on a cell phone they use 20 minutes a day at best. -gggggg-

I will likely be in this one sometime next week but I will wait and hold it for a while until it runs too far again like earlier this year. I have been in and out of this one between the high 20s and low 50s for the last couple years. It is one of my favorite stocks at a time when a good FA story and a fair valuation are a hard combination to find.

Good Luck,

Lee
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