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Technology Stocks : Tekelec
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To: lml who wrote (1424)4/4/2000 1:35:00 PM
From: WTSherman  Read Replies (2) of 1648
 
lml, I don't know that the "blue chip high techs" aren't any more ridiculously valued than dot.com's. Look at the valuations that CSCO and ORCL were at. For such large co's to have such huge PE's(when they're doing well, no less) is absurd. I think these kinds of stocks were much more overvalued than a company like TKLC that really can continue to grow at high rates. If CSCO were able to grow at 40% a year for 5 years and its share price matched that growth its market cap would reach almost $3 Trillion!!!!
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