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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: Techplayer who wrote (59853)10/5/2000 8:41:35 AM
From: Haim R. Branisteanu  Read Replies (1) of 99985
 
TP, MU earnings are for the summer season not forward looking. LXK just announced flat sales and earnings for next year.

Chip sector is highly cyclical and does not deserve the present P/E. They should trade like other high tech cyclical companies. For one DD and HON come to mind.

Haim
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