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Technology Stocks : Wolf speed -- Ignore unavailable to you. Want to Upgrade?

To: ratan lal who wrote (3458)	8/3/2000 2:00:33 PM
From: pompsander	Read Replies (1) \| Respond to of 10713

"Agreed. But it would be helpful to find out how much would you pay for this growth in terms of P/E, P/S or any other ratio." Fair enough. At a P/E of 115 or so annual earnings growth is outpacing trailing P/E. If there is any reasonable outlook for this kind of ratio to be sustained for a while, I think the price of the stock has to considered a good bet. Price to Sales is a little tricky because anticipated sales going forward are likely to have "bumps" in the trend. The first will be when the expansion comes on line and takes out some of the backlog a little faster (or allows for CREE to be more aggresive in seeking volume sales by manipulating their ASP). The second bump will be the microwave device rollout. Both of these are good news events and their success at some level justifies the juicy historic Price to Sales number. IMHO