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Technology Stocks : Qwest Communications (Q) (formerly QWST)
Q 92.80-2.9%Feb 5 3:59 PM EST

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To: JAG2 who wrote (318)11/11/1997 7:43:00 AM
From: Harold Lehman  Read Replies (1) of 6846
 
Jag,

When you talk about proven earnings being necessary for pricing, I disagree with you. I think that with a high-tech stock like this which, everyone knows will make a lot of money, with a fairly short horizon to big-time earnings that you can extrapolate a higher stock price. I believe that it is the opposite case with something like biotech stocks, where many more things can go wrong in a big way.

HL
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