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Technology Stocks : Rhythms NetConnections Inc. (RTHM) -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (190)	11/26/1999 9:13:00 AM
From: Calvin	Respond to of 378

LoD, FWIW Price-to-Sales Ratio Gaining Popularity as Benchmark, WSJ Says New York, Nov. 26 (Bloomberg) -- Price-to-sales ratios are increasingly taking the place of price-earnings ratios as a benchmark for stocks because many Internet stocks lack earnings, the Wall Street Journal reported in its ``Heard on the Street' column. Rhythms NetConnections Inc., a high-speed Internet-access company, has a $3.1 billion stock-market value that is 539 times its sales of $5.8 million in the first nine months this year. Stein Roe fund manager David Brady said although such companies are growing rapidly and have ``huge' market potential, he doubts all companies with high price-to-sales ratios will have profits five years from now to justify the price, the Journal said. Rhythms NetConnections' shares have risen 88 percent since the company went public in April. (WSJ Interactive Edition 11/26)