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Technology Stocks : PTC -- Ignore unavailable to you. Want to Upgrade?

To: Ram Seetharaman who wrote (3008)	12/29/1999 9:11:00 AM
From: BMcV	Read Replies (2) \| Respond to of 3646

Ram, I haven't seen Lazlo's comments, but I imagine they are broader than simply YHOO. Sure, QUAL is up 80 pre-market and someone set a target of 1000. Market cap yesterday was $85 billion, or 20 times sales, which have a ho-hum profit margin of 5%. The problem is these companies are reaching terminal market value today, leaving no room to grow. Have you read John Kenneth Galbraith's "The Crash of '29" lately? The same thing happened in the 20's to RCA and anything else connected with radio. They went up 10% a day, while the rest of the market slowly sank. The past is not prologue, but certainly a potential resolution of the ongoing mania. By the way, it looks like CNBC monitors this board. JK just remarked on chat-rooms taking his 200 "target" for PMTC seriously.