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Politics : Formerly About Applied Materials
AMAT 259.15+1.1%3:59 PM EST

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To: Cary Salsberg who wrote (65117)7/26/2002 2:54:42 AM
From: Henry D  Read Replies (1) of 70976
 
Cary,

i know PE ratios are rather bad gauge for highly cyclical stocks like semi equips, but why do u feel PB is a better ratio to use than PS. is it b/c of possible debt load and burn rate? also, do u have the historical ratios for the semi equips during the last several downturns?

Henry
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