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Technology Stocks : ASML Holding NV
ASML 1,423-2.2%3:59 PM EST

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To: Jim who wrote (378)3/14/1998 12:39:00 PM
From: Louis Riley  Read Replies (1) of 43266
 
Hi, I am new to this thread, but not to this name.

Will someone please tell me what I am missing here?

This name trades at ~29X Dec 98 YE estimates and ~22X Dec 99 YE estimates.

AMAT trades at ~22X Oct 98 YE estimates and ~18X Oct 99 YE estimates.

NVLS trades at ~18X Dec 98 YE estimates and ~14X Dec 99 YE estimates.

I know it is a very illiquid name and (used to be anyway) a top holding in almost every tech fund, but how long can it hold this premium valuation? I mean, it is less than 15% off its all-time high set on 9/24/97. And estimates have been coming down. This one is on my radar.
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