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

To: chic_hearne who wrote (112172)	5/23/2000 4:45:00 PM
From: Scumbria	Read Replies (3) \| Respond to of 1570143

Chic, This has nothing to do with Greenspan, it is because valuations have become historically out of line!! Are you Catholic? Your posts have a common theme of guilt and retribution. I'm not trying to be critical, just making an observation. The semiconductor industry has been growing at a phenomenal rate, and will continue to do so unless AG screws it up. I'm starting to get the feeling that he won't be satisfied until he has caused a recession. Our financial system can ill afford fearful investors. Venture capital is dying a rapid death. This could be devastating to the computer industry. Scumbria

To: chic_hearne who wrote (112172)	5/23/2000 5:18:00 PM
From: Mani1	Read Replies (1) \| Respond to of 1570143

chic re <<This has nothing to do with Greenspan, it is because valuations have become historically out of line!!>> Yes! I agree 100%. The stock which you mentioned (CSCO, ORCL, SUNW, etc) continue to be so very over valued. I have said that over and over. These stock which make so much of the Nasdaq are finally showing some vulnerability. These stock can take the marker lower with them. CSCO has no business being a $350 Billion company and trading at a PE of over 140! Same goes with ORCL, SUNW, YHOO, AOL and EMC. Having said all this, Nasdaq needs to go up more that 60% to reach its previous high, amazing! AMD is trading at a PE of less than 10. COHU less than 15. Hopefully the leadership will change hand to the semi's and we got some rotation from the ultra big, ultra expensive big caps to the better stocks with solid earnings. If that happens we will be OK. Mani