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Technology Stocks : Wind River going up, up, up!

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To: Mark Brophy who wrote (9784)7/9/2001 6:15:09 PM
From: Snowshoe  Read Replies (1) of 10309
 
>>German companies aren't as overvalued as U.S. stocks.<<

European tech doesn't look so good according to this guy...

Tech Meltdown Continues After Warnings And Nokia
dailynews.yahoo.com

EUROPE FALLING FASTER THAN THE U.S.

European tech stocks have been falling all year, first on the slowdown of investments in the U.S., then accelerating in recent months because Europe is now also crumbling.

Europe has underperformed the U.S. technology barometer, the Nasdaq composite index (^IXIC - news), by some 40 percent since February after having outperformed the Nasdaq by some 30 percent in the previous 12 months.

However, Europe still appears overvalued compared with the U.S. A comparison of computer services companies by JP Morgan H&Q on Monday showed European stocks are on average trading at 25 times estimated 2001 earnings, compared with 21 for its U.S. peers. The comparison is even more askew using other measures.

The numbers partly reflect that management at some European companies have been late to adjust their business to a possible downturn, destroying earnings potential this year, said analyst Gary Rollo at JP Morgan.
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