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Technology Stocks : Mattson Technology

MTSN 3.600

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May 12 5:00 PM EST

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To: John Stewart who wrote (2465)	1/16/2000 10:54:00 PM
From: Demosthenes	Read Replies (1) of 3661

John and all, The Forbes article is interesting. The author calls the P/E's of NVLS, LRCX and AMAT "sky high." He calculates AMAT at 38x and NVLS at 34x 2000 earnings. With QQQ index at a P/E of about 100 contrasted with a huge recovery in semi equips just getting started, how is it that a reasonable person could honestly say "sky high." Am I missing something? What has been the peak levels of valuataion for the top tier equips during past cycle tops? Best Rgds, D

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