CNBC -- critique. Message Board

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Pastimes : CNBC -- critique.

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To: Ted David who wrote (8672)	9/28/2001 5:28:59 PM
From: Dr. Jeff	Read Replies (2) of 17683

Thought you should know a little bit about CNBC's new "chief economist" Marci Rosell's track record; thestreet.com 2/8/01 Marci Rossell, chief economist at Oppenheimer Funds, agrees that high multiples are warranted in some cases, especially in the technology sector. In particular, Rossell likes fiber-optic stocks, arguing that while "many of these stocks still have relatively high valuations, such P/Es are justified given their long-term trajectory." I compiled a little chart below of some of the more popular stocks in the sector she liked on Feb. 8th, 2001 with the prices from then and current prices. Most are down between 65% and 90% since she liked them. GLW was $43 ($8.82 today) JNPR --- $93 ($9.70) CSCO --- $31 ($12.18) TLAB ---- $62 ($9.88) JDSU ---- $45 ($6.32) CIEN ---- $83 ($10.29) CORV --- $20 ($1.52) LU ---- $17 ($5.73) NT ---- $33 ($5.61) SONS ---- $41 ($3.00) SCMR ---- $25 ($3.48) RBAK --- $37 ($1.43) ONIS --- $51 ($4.03) ALA ---- $52 ($11.60) She doesn't seem to be much of an expert in my opinion, but she sure is cute............

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