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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Paul Engel who wrote (95720)	2/28/2000 7:56:00 PM
From: ajbrenner	Respond to of 1572501

Re: "I can't believe you are THIS FOOLISH !!!" postal paul, Got the caps key working over time again? The Pengel version of a disgruntled postal employee with an AK 47. Going postal paul, that's what they call it, that's what the caps key does for you. ajb

To: Paul Engel who wrote (95720)	2/28/2000 11:05:00 PM
From: hmaly	Read Replies (2) \| Respond to of 1572501

Paul Re..<<<<<<<< Paul, once again you have shown how ancient you are. Everybody here knows AMD made 43 cents per share 4q-99 and at a cost of $29/share Dec. 31st that = P/E of 16.86 Intel made 61 cents per share 4q-99 and at a cost of $95/share dec 31 that = P/E of 38.93>>>>>>>> Paul, according to my book;which was written by William O Neil, founder of IBF. reads "Price earnings (p/e) ratio. Theoretically measures the value of a stock by dividing the cuppent price by its earnings per share over the last twelve months." Hmm what does that word theoretical mean. Well in my dictionary theoretical means 1) of or constituting theory. 2. Limited to or based an theory ;not practical or applied; hypothetical 3) tending to theorize; speculative. What does this mean. This means p/e equals current price/hypothetical earnings in a yr. If we say a car is traveling at 60 mph we are talking of the speed of that car at that instant,not what the car traveled in the previous hr.;and that speed would = what a car's speed would be if a car traveled at constant velocity'and traveled 60 miles in one hr. Thus price/earnings is hypothetically the current price/ earnings as defined over a yr. So we could say that a company had a p/e of 10 on dec 31st 1) if a company shares sold at $100/earnings was $10 for entire year. Or we could say that the company made 2.73 cents on that day which translates to a p/e of $100/(2.73 cents X 365DAYS/YR.)=$10. Or we can do as I did and use last current quarters earnings and multiply by four to get the average P/E FOR 4TH QUARTER EARNINGS. Yes yaho and most quotes use previous yrs earnings but a lot of analyst use earnings/share for that quarter multiplied by four to get p/e. If you reread my posting you will see I defined the earning period as 4q-99 for both AMD and Intel and I multiplied both mumbers by four, which met the theoretical definition. Yahoo defines their p/e as current price/over actual earnings for last yr. I defined my p/e in that sentence as current quarters earnings x4. Only an imbecile would assume a ratio can be defined only one way. For instance 60mph = 88ft./sec. Or 4/5 = 8/10 =16/20.