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Strategies & Market Trends : Galapagos Islands
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To: plugger301 who wrote (28340)2/22/2003 11:19:24 AM
From: Jorj X Mckie  Read Replies (1) of 57110
 
and yet, merrill upgraded semis based on valuation...go figure

Steve Milunovich, tech strategist at Merrill Lynch, observed in a research note Friday that the stocks in the MLO, the Merrill Lynch tech index, trade at 27 times estimated 2003 earnings, near the top of the pre-bubble range of 10-30 times.
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