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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST
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To: Skeeter Bug who wrote (1889)2/15/1999 7:48:00 PM
From: EACarl  Read Replies (1) of 3813
 
re <<the pe (43) should drop.>>

Yes, the P/E will drop, I agree.
Over the next year or so, when the stock price only rises about 50% from here and the earnings double or triple , the P/E will then be lower.
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