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Technology Stocks : ASTX
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To: Dahmane Dahmani who started this subject8/9/2000 11:34:39 AM
From: lssheets  Read Replies (1) of 275
 
I cant figure this out either. This kind of drop makes no sense, especially since they said themselves a month ago earnings would be .32-.33. Simply incomprehensible, esp given that p/e now 11. who ever heard of that for a semicon related company? Meanwhile CISCO beats theirs by a penny and the thing goes nuts. I think people are fools to aprt with this stock at 12 bucks though.

Neither does the downgrade add up. This is the same bozo who rated it a buy a week ago and KNEW earnings would be 32-33. Evidently the guy has no pride, as he is showing his own ignorance. In the same breath he puts 2001 earnings at 1.35, which would bring the p/e under 9 at this price. Wierd stuff.
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