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Technology Stocks : Safeguard Scientifics SFE

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To: michael r potter who wrote (2203)	1/29/1999 7:38:00 PM
From: David Lawrence	Read Replies (1) of 4467

Has anyone noticed that anything with real value [using antiquated valuation tools] is a dog in this market and the higher the PE, the better the performance -- only bettered by those companies with no earnings? Maybe they watched Star Trek - First Contact and have bought into the part where Picard is explaining that, in the 22nd century, there is no money because people strive not to accumulate wealth, but seek rather to better themselves and mankind. Perhaps that's the basis for the "new" valuation paradigm? IMO, it's a good time to be alive, and even a better time to be in cash. <g> Have a nice weekend yourself!

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