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Technology Stocks : ZORAN jpeg/dvd moguls
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To: DiViT who wrote (1329)8/6/1998 1:57:00 PM
From: Peter V   of 1486
 
Like CUBE, I gave up looking at the fundamentals of ZRAN a while ago, and just decided to forget about both stocks until the digital revolution begins to occur with gusto (which by your own estimation is 2000 and beyond).

So I didn't look at the PE, I suppose I meant it looks cheap compared to where I bought it. It's only a small position (and getting smaller!!!), hardly worth closing unless ZRAN goes to zero, which I think is unlikely. Do I think it is a good time to buy more? Probably not until they begin to turn around their earnings.

At some point, however, the techs should turn around, and a rising tide raises all boats, even those with inflated PEs. Don't ask me when that will happen though.
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