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Technology Stocks : RF Micro Devices (RFMD)
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To: robert duke who wrote (206)3/9/1999 1:45:00 PM
From: The Ox  Read Replies (2) of 4849
 
I would say the in the world of investing, not trading, that 9 months is the near future.

Zacks has FY00 estimates about $1.35 eps and a 60% growth rate over FY99. Forward PE at $93/share is still 70 for FY00. That's for earnings more then a year away!!

At $200/share, forward PE would be 150. I think that is very excessive, especially after this stock has gone up 900% in a year.

BWDIK,
Michael
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