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Technology Stocks : PHTN--Photon Dynamics, anyone follow this company
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To: Brewmeister who wrote (873)8/7/2000 11:33:24 AM
From: mwj6  Read Replies (2) of 930
 
The selloff after earnings seemed very overdone

and now it seems even more overdone.

PHTN now has a *trailing* P/E of 50 and which is discounted to its growth rate. It is hard to find a company discounted to growth rate in the rest of the market. I don't think the dynamics of the FPD market are the same dynamics as the rest of the chip stocks, but PHTN certainly got punished with the semis.

/matt
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