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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (34307)	9/9/2000 8:25:22 PM
From: Rande Is	Read Replies (2) \| Respond to of 57584

It is a good point that the street values the telecom equipment companies with extreme "tech valuation", while it gives the major telecom service providers modest "cyclical valuation". And Spirit makes a great point that the value of the parts of WCOM are infinitely more than the current low valuation it is getting from the street. WCOM is showing an 86 Billion market cap and a PE ratio of 19. For a stock like WCOM, with its extraordinary holdings it IS pretty ridiculous, when you think about it. And as Spirit points out. . .UUNET alone should be worth that market cap. . .MORE, perhaps. Then, if you were to compare it to the $30 Billion market cap the street has awarded to FO communication network equipment maker Corvis [CORV], which. . . . For the six months ended 7/1/00, the Company reported no revenues.!!! . . WorldCom could slice off a company the size of Corvis and barely notice it gone. This obscene valuation disparity makes Wall Street Analysts look like fools. . . and is an insult to the Individual Investor's intelligence. Rande Is