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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: Lance Bredvold who wrote (3538)	11/23/1999 10:07:00 PM
From: Stu R	Respond to of 13582

We are in agreement. You give an excellent explanation for why it is silly to use a multiple of sales to value ANY company, not just this company. Which brings me back to my point that I think Cena needed a way to create a target price because he is expected to have one. The target price of itself is meaningless. What matters is his conclusion that the company is a great long-term investment even after the tremendous price appreciation of the past year. Stu