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Technology Stocks : Seagate Technology

STX 288.13

+0.9%

Dec 16 4:00 PM EST

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To: still learning who wrote (4233)	11/21/1997 12:33:00 PM
From: seminole	Read Replies (1) of 7841

S.L. <<<I repeat: sometimes stocks do not trade strictly on straight PE basis.>>> This is an important point that has been lost by many over the last few weeks. While next quarters or years projected earnings are an important signal of future prospects for a company, the present value of a company is determined by all future cash flows over all future years (not just next years cash flows). richard

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