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Technology Stocks : Emulex, What Prospects?
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To: pass pass who wrote (776)3/17/2001 3:08:25 PM
From: E. Davies  Read Replies (1) of 788
 
I'll buy it if/when it settles at 20s, which has a forward PE of about 20

Here we are @24. Interested? Based on *estimates* (which are just estimates) forward PE is in the low-mid 20's and growth rate is around the same.

I was drawn to this stock on Friday because of the way it refused to sell in an ugly market. I've traded it often- always knowing it was absurdly priced just like everything else.

Now I'm trying to evaluate it as a long term buy based on the fundamentals. They seem fairly solid however I dont really know that much about EMLX as a company and the long term prospects of it's business. Any feedback much appreciated.

Eric
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