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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?


To: jim kelley who wrote (51178)8/25/2000 10:43:07 AM
From: Zeev Hed  Read Replies (1) | Respond to of 93625
 
The PE of 68 is not of the peak earnings for MU, their peak earning, even if you are conservative will be in this cycle something like $5, thus at $100 (give or take) MU is selling at a PE of 20 of peak earnings. If you want to pay more than 25 PE of expected peak earnings in a cyclical industry, you are welcome, I consider this extremely fair valuation.

Zeev