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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.99-0.2%3:59 PM EST
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To: Mark S. who wrote (49284)2/22/2001 3:28:42 PM
From: bambs  Read Replies (1) of 77400
 
But according to historic P/E ratios calculated by researchers at the Nasdaq Stock Market and tracked by Ned Davis Research, the Nasdaq Composite in the late 1980s and early 1990s never traded above 50 times trailing earnings. Its average P/E ratio since the end of 1985, in fact, is about 51. If the index were to fall back to that level, its value would fall below 1000 -- to between 800 and 900.

from wsj.com
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