SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : PMC-Sierra (PMCS)
PMCS 11.650.0%Jan 25 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Farrell who wrote (3397)4/14/2000 1:53:00 PM
From: Trader Dave   of 3818
 
While I fondly remember the 1998 buying opportunities caused by Clark Westmont's claims of summer seasonality and nicholas applegate dumping due to the planned increase in R&D expenditure, there is a MAJOR difference between then and now.

PMCS declined to a PE ratio of well under 30 times published 1999 estimates. PMCS has declined to around 122 times 2001 published estimates. (Yes, I am well aware of the conservative nature of those estimates, but they won't by off by factors of 2 or more.)

There is a dangerous element to the market comparing the relative declines in the market given the spectacular increases in valuation we've seen in the last several years.

TD
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News