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Technology Stocks : DSC Communications
DIGI 0.00010000.0%Dec 18 4:00 PM EST

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To: Moe Damghani who wrote (3116)11/12/1997 7:59:00 PM
From: BlackDog777  Read Replies (2) of 4429
 
To all,

I never thought I'd see Sniper hit it so directly on the head. He called for the low twenties soon, but I think he covered about 5 points ago. Too bad for him. Of course, I don't think he had the Asia thing figured in there - or maybe he did? I'm surprised he hasn't shown his face around here for some good ole time smirking.

This descent is very disturbing since there is no corresponding news other than tech stocks are getting hammered.

DSC is now selling at 23x the trailing twelve months and at 15x the '98 estimates by First Call (the consensus of 21 analysts). That sounds very cheap depending whether estimates are met. Those PE's are dirt cheap relative to the past market hysteria - but will this market make a pardigm shift to more conservative multiples?

What's going on out there. I am a confused and reather scared shareholder.

Lawrence J. Vocke
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