LHSP: Lernout En Hauspie Message Board

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Technology Stocks : LHSP: Lernout En Hauspie

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To: Boplicity who wrote (2158)	5/10/2000 9:38:00 AM
From: A.L. Reagan	Read Replies (1) of 2467

Why doesn't the market see it? Stock valuations must contract due to increase in L/T Treasuries. Just present value math. Plus they were too high anyway. Painful watching the contraction. Hoping that Fed action and subsequent #'s give the Treasury 10 years some relief. (A 60 bps increase in 10-year T's makes a big difference in stock value when multiplied out by market risk premiums and individual stock betas, and the result used as a PV factor.) In addition to LHSP, dual-traded Euro stocks I own that haven't cratered (as QCOM, JDSU, NTAP have), are NOK and ERICY. Hmmm, seems like the arbitrage with the bourses kept our dual-traded issues from getting to nutty upward December to March - not that the Euros are necessarily immune to buddlenomics.

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