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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: bill meehan who wrote (18160)2/4/1999 4:51:00 PM
From: MythMan  Read Replies (1) of 86076
 
I hadn't figured you for one of those...oh oh -g-

Hopefully they are all fairly spooked and will sell with abandon. Just plucked these gems off of a Reuters article...

>>Analysts said investors were disappointed that Cisco did not declare a stock split, and that valuation was a lingering concern, but noted that the company remains healthy.

''While valuation may appear extended, Cisco remains the key beneficiary of internet infrastructure growth and transition to data-centric telecomunications networks,'' said Lehman analyst Tim Luke in a research brief.

Lehman's Steven Levy, spurred by valuation concerns, insisted that Lucent, in contrast, was too pricey at 40-to-50 times 1999 earnings estimates, and renewed his neutral rating.

''Simply put, we do not think that investors should be paying a price-earnings multiple of forward 12 months earnings ... that significantly exceeds its forecasted sustainable earnings growth rate,'' he said.<<
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