Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 249.89

+3.1%

Nov 26 3:59 PM EST

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To: michael97123 who wrote (44157)	3/21/2001 10:56:43 AM
From: Pink Minion	Read Replies (1) of 70976

We now are, barring depression, in absurd territory in my book, but you are right absurd can become more absurd It only looks absurd because we were at an absurd level. Prices are still very high. INTC used to trade at a PE of 12 & PSR of 2. CSCO, the poster kid of the bubble, used to trade at a PE of 30 and even then everyone complained of it's value. This industry (LU, NT) trades at a PSR of 1 to 2. We all know what AMAT used to trade at. Would I sell my amat at 60, my intel at 37, my cisco at 30 I'm afraid you're going to have a long wait, but I'll bet AMAT will hit your target first. This ain't over until CSCO hits 10 and INTC hits 13.

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