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To: Stu R who wrote (72270)5/24/2000 1:40:00 AM
From: Cactus Jack  Respond to of 152472
 
"In any event the 245 pe seems very suspect. Even the high pe big cap Nas stocks are nowhere near 245 pe, so where does this come from?"

Perhaps from the number of money-losing, debt-riddled dot.coms that have come public in the past five years. Ten years ago, the risk associated with those companies would have been borne by venture capital firms; now that risk is transferred much sooner to the public markets.


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