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To: BigBull who wrote (56678)	12/10/1999 1:58:00 PM
From: Ditchdigger	Respond to of 95453

BigBull,I don't believe many of these tech stocks deserve the valuations they are receiving,But I do however believe the top tier leaders in their spaces,,such as EXDS (I'm not to keen on yhoo),CSCO,JDSU deserve a very high multiple. How high? Again,supply and demand, the market will decide.What do you pay for a stock showing year over year revenue growth of 300-400%,with a target market growing from 5BB to 20BB+ in the next 3 years?(EXDS)..DD

To: BigBull who wrote (56678)	12/10/1999 2:01:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

And now, for another meaningless Capex stat - ROIL to increase capex by 40% biz.yahoo.com Welcome to the slaughter pens y'all! <tongue very much in cheek>

To: BigBull who wrote (56678)	12/10/1999 2:04:00 PM
From: Ditchdigger	Read Replies (2) \| Respond to of 95453

One other thing I think some forget,for instance in EXDS case..88mm shares out(splitting Mon-3rd split this year.),80% owned by institutions,,there really isn't much freely(stock not tightly held) stock out there..Supply and demand..DD (sorry for the OT posts) I still believe the stocks(techs) with the high prices will thrive,due to the use of stock as currency for financing and acquisitions..obviously this is a case by case basis,,the tech rise,as viewed by the Nas composite rise,is not a good representation of what all techs have done,it is a market cap weighted reading..