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To: sunny who wrote (12611)8/18/1999 5:32:00 PM
From: BeachCrunc  Respond to of 19700
 
Agree with your concepts. A stock could have a good P/E by reducing marketing expenses, R&D, etc. but not grow market share and product as required to develop this industry. When you increase the denominator to include other things such as marketing and R&D, the evaluation makes a little more sense. We are fortunate that investors are willing to look at the bigger picture to allow this industry to develop. This has been very good for the economy, outlook, and leadership of our country.