PMC-Sierra (PMCS) Message Board

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Technology Stocks : PMC-Sierra (PMCS)

PMCS 11.65

0.0%

Jan 25 4:00 PM EST

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To: SJS who wrote (3406)	4/15/2000 2:13:00 PM
From: Harry Stein	Read Replies (1) of 3818

Are any of these high tech stocks that are growing at 40_50% per year worth a forward PE of 150? I used to think so, now I am not so sure. The internet infrastructure stocks will do incredibly well in the next 10 years, but how much of a premium is too much? Any of these high PE stocks are subject to huge punishment at the hint of disappointment. I am afraid to miss the run and afraid to get killed. I fear we have not seen the end of panic selling. I will keep my powder dry waiting for a good opportunity. Just to put things in perspective, PMCS was trading at less than $90 less than 3 months ago. It could easily retrace those levels. Best of luck.

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