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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Sid Stuart who wrote (23476)	11/2/1999 4:14:00 PM
From: Curlton Latts	Respond to of 25960

>> explain how people figure out what the appropriate P/E is? << Sid - Generally speaking, P/E is a function of growth expectations. Investors are willing to pay more for less earnings if they view the growth prospects of those earnings as exceptional. CYMI is a high growth company, so it would be expected that it would garner a high P/E - thus, Jay's 45x. Good Luck To Each And All Curly ~~~~~~~~~^^ [6.6] ......> [_]