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Technology Stocks : Astropower (APWR)
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To: Jim Oravetz who wrote (67)6/22/2000 9:00:00 AM
From: Art Bechhoefer  Read Replies (1) of 214
 
Analyst on CNBC this morning featured Astropower as his "UNpick" of the day. Very negative. Said the P/E of 70 was totally out of line. Didn't think much of solar cells mounted on rooftops, and thought the heavy sales concentration in Europe was indicative of a limited market.

His analysis ranks very close to that of Ed Snyder (Chase Hambrecht & Quist) regarding QUALCOMM (last week) as being among the most stupid and self serving in recent years. Needless to say, such opinions often give rise to great buying opportunities.

Interesting how the top management of both APWR and QCOM are Jewish, but the critical analysts are not. Hmmmmm.
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