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Technology Stocks : Mattson Technology

MTSN 3.600

0.0%

May 12 5:00 PM EST

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To: Philip W. Dunton, Jr who wrote (3159)	11/21/2000 10:20:51 AM
From: EACarl	of 3661

RE "At 5000, the NAZZ comp was priced at a pe of 265 and if the NAZZ goes to 1800, it will be priced at a still overvalued pe of 75." Philip, I've heard those numbers before and they sound shockingly high, but I'm sure the many companies that lose money help push that number up. I'll be the first to admit there are still many companies that are extremely overvalued, yes most are working there way down even the "optical/networking" group - FINALLY! That being said, there are many companies with PE's low by most historical standards with sound balance sheets that are in good growth areas that are showing signs of finding a bottom. Would you not agree? Put another way, I think it may be a good time to do some very selective bargain shopping knowing that while the short term is uncertain, the long term should be rewarding. Regards, Eric.

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