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Politics : Formerly About Applied Materials
AMAT 240.80+4.6%Nov 5 3:59 PM EST

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To: Proud_Infidel who wrote (53908)10/7/2001 11:03:46 AM
From: Zeev Hed  Read Replies (1) of 70976
 
Brian, but you can take the ten largest in the NDX (they contribute close to 40% of the total NDX capitalization) and calculate their current PE (2 pats q and to forward q), and you get a PE of about 29, which is really not that outrageous for where we are in the cycle (namely, depressed current earnings).

Zeev
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