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Technology Stocks : Up and coming optical startups -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (16)	10/16/2000 6:07:58 PM
From: Sharck	Read Replies (1) \| Respond to of 84

Thats why I am long APAT and LUMM, and SS CORV,,,,http://finance.yahoo.com/q?s=apat+lumm+corv&d=5d

To: Raymond Duray who wrote (16)	10/17/2000 6:32:18 PM
From: Hiram Walker	Read Replies (1) \| Respond to of 84

Look at HLIT, and tell me that is not undervalued in the FO sector. It is at a p/sales of 2, with a huge potential future in both Europe and Asia(Lots of China deals). The stocks fall one at a time, the weakest falling first, so HLIT is the weakest I guess. Hiram

To: Raymond Duray who wrote (16)	10/17/2000 10:45:40 PM
From: MadManMike	Read Replies (1) \| Respond to of 84

Next to drop? They've been dropping for months.

To: Raymond Duray who wrote (16)	10/18/2000 10:40:42 AM
From: Sharck	Read Replies (1) \| Respond to of 84

Hey Ray, looks like you're now famous: siliconinvestor.com You made todays cool post HAHA...

To: Raymond Duray who wrote (16)	10/18/2000 11:20:38 AM
From: JW@KSC	Read Replies (2) \| Respond to of 84

GM Vs CORV / Fiber Optics Didn't Santayana write about this? FO is the most over-hyped up-on-stilts sector of the market today. Ridiculous valuations, IMHO. Today, you can buy INTC at a P/E of 22. SCMR? 1,315. FNSR? 1,535. GLW? 148. And how in the world can we value CORV at the same level as GM? My biggest concern here is that there is such a plethora of start-ups in an industry that has yet to be profitable in aggregate that there is no way in the world that this bubble can be sustained. To put it another way, Wall Street is valuing the FO sector at about $1,000 for every dollar the industry has ever earned! While I agree with Keynes that "markets can remain irrational longer than you can remain solvent," I also think that the world will inevitably and eventually return the FO sector back to some semblance of normal investment interest. If I were to try to identify the one sector of the market that is caught in Tulipmania today, FO is it. :) That's my story and I'm stickin' to it, Ray Ray, There are to things in this world you can't have enough of: 1.$$$$$$$$$ 2.Bandwidth FiberOptics = Bandwidth GM is old Economy, and until GM begins producing Fuel Cell Cars instead of Earth Choking Internal Combustion Engines nothing will change in GM's Valuation vs Technology. Bandwidth is a Commodity, and like Oil, the Optic Sheiks will not see a Ceiling on Wealth and Valuation. Cisco's built it's Valuation on Routers during the first Decade of the Net. Guess where Fiber Companies are going in the next Decade. And as the song says "You Ain't Seen Nothing Yet!" Regards, JW@KSC

To: Raymond Duray who wrote (16)	10/19/2000 8:26:24 AM
From: Sidney Street	Read Replies (1) \| Respond to of 84

"A value alternative to optical startups" - Even though GLW is my second or third largest position I agree with your point about valuations, Ray, and the point can be reinforced by comparing the FO valuations with the semi cap equipment sector where you can get companies with excellent earnings visibility for the next year or so for PE's under 10. Real earnings. And the broadband buildout can be viewed as a "silicon consumption infrastructure": the more bandwidth, the greater variety, complexity, and quantity of semiconductor and flat panel devices will be attached. So I'm very tempted to trade out of GLW into excellent semi cap equipment companies like VSEA, HELX, EGLS, AMAT, etc, that have been beaten into the ground. What do you think, Ray, and any others who come to this board from the "Last Mile" board?