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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Rob S. who wrote (11527)	7/20/2000 12:23:17 AM
From: Joseph Shah	Respond to of 24042

Very good point! I don't think PE is the way to measure a stock is over-price or not. Eight years ago, PE at 100 is considered over priced. MSFT and DELL were trading at over 100x PE. At that time, did you not buy MSFT or DELL because they were so called "over priced"? Did you buy Lotus or or Borland or Acer or Apple because of the low PE? I think one who brought MSFT and DELL at 100x PE back then are the sure winner. I believe revenue growth is the key to measure the stock price. If a company's revenue can grow 200% a year, why not PE at 200? If a company's can only grow 1% or flat, PE at 5 is over priced. For those so concerned about PE, look at the five-year chart for IP, PG, T, and MO. Such so called "value" companies are not much valuable. JDSU is INTC or MSFT or DELL back eight years ago. Not many analysts thought DELL stock traded at 100x PE had average 90% return every year from 1990 to 1999 or average 200% return every year from 1994 to 1998. Today who are judging JDSU, the sure leader of the next cutting edge technology?