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Technology Stocks : FSII - The Worst is Over?

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To: Donald Wennerstrom who wrote (1611)11/29/1997 12:16:00 PM
From: Donald Wennerstrom   of 2754
 
The following is an update on the trend in the "outyear" PE ratio
for the sum of the stocks.


ZACKS
OUTYEAR
CLOSING SUM EARNINGS
PRICE CLOSING ESTIMATE
DATE PRICES AVERAGE
06/06/97 859 16.8
06/13/97 824 16.1
06/20/97 857 16.6
06/27/97 873 16.2
07/04/97 918 17.2
07/11/97 986 18.5
07/18/97 1035 19.5
07/25/97 1073 20.4
08/01/97 1090 20.5
08/08/97 1115 20.7
08/15/97 1125 20.8
08/22/97 1235 22.8
08/29/97 1239 21.2
09/05/97 1268 21.8
09/12/97 1262 23.5
09/19/97 1271 21.3
09/26/97 1252 20.8
10/03/97 1258 21.2
10/10/97 1256 20.3
10/17/97 1076 17.1
10/24/97 936 15.6
10/31/97 889 14.8
11/07/97 914 15.2
11/14/97 865 14.4
11/21/97 881 14.6
11/28/97 827 13.8

The sum of the closing prices this week, 827, is less than any week
with the exception of 6/13/97, 824, - they are nearly identical. At
that time the PE was 16.1, now it is 13.8. We should be in the region
where a new base can be established for better stock prices. Maybe it
will begin sometime in December and continue into the new year.
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