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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Lone Star who wrote (34123)	2/9/2000 10:44:00 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

New all-time high for the S&P semi equipment index: quote.yahoo.com^SPTKSM&d=1b

To: Lone Star who wrote (34123)	2/9/2000 11:50:00 AM
From: Robert O	Respond to of 70976

ot Only because you brought it up ;) From a post by Jacob S on Sept. 22 1999 Re: cisco: I bought it in 4/97 at a trailing PE of 35, vowed I would hold it forever, and sold it in 5/99 at a trailing PE of 103. I just couldn't stand the valuation. I think you have to pay attention to valuation, no matter how good the company is. It's up 20 points since then. Geez. From 5/99 to today CSCO has gone from 109 to 133 a 22% increase... Oh wait I forgot the 2:1 split ;-) make that a 144% increase, what was I thinking? The funny thing was I got my info. the Peter Lynch way i.e., much of the equipment in my company's computer room was Cisco... I asked friends and they all chimed in that their companies too had spent significant amounts on routers, etc and that there was a constant need to expand and upgrade equipment. Then there's this Internet thing... so I sez to myself hmmm I like the cheeseburgers I like the service shoot I'm gonna get my oil changed at Grease Monkey ya know? P/S? If S get big enough P might never catch up, and that's exactly what's happening> right or wrong it's happening BIG time. If there were infinite sales and just below infinite expenses, price of a share would still be valued at infinity, but we covered this. At this point it's a simple supply demand issue. RO