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Non-Tech : QQQ - Nasdaq 100 Trust -- Ignore unavailable to you. Want to Upgrade?

To: Barnhart who wrote (462)	12/21/2000 6:25:38 PM
From: Topannuity	Read Replies (2) \| Respond to of 840

This is best I could come up with re: NAS100 PEs: Data is from qCharts and Market Guide--- The average PE for the list (and I dont know if this is trailing or forward-looking PEs) is problematic because some issues have losses. Also there were recent changes in the composition of the list. However, if you eyeball for the MODAL or MEDIAN PE I think you'll see it is LESS THAN 100! Probably in the neighborhood of 40 or so (ignoring the zeros or infinities). Symbol "P/E Ratio" AAPL 6.5 ADBE 53.4 ADCT 16.1 ADPT 5.7 ADSK 16.3 ALTR 29.2 AMAT 14.8 AMGN 57.1 AMZN 0 ANDW 17.9 APCC 10.2 APOL 46 ATHM 0 ATML 27.7 BBBY 42.5 BGEN 30.2 BMCS 21.6 BMET 34.6 CATP 0 CBRL 16.8 CEFT 54.7 CEXP CHIR 50.1 CIEN 220.1 CMCSK 35.9 CMGI 0 CMVT 72.6 CNET 4.5 CNTO CNXT 0 COMR COMS 6.2 COST 26.5 CPWR 11.6 CSCO 96 CTAS 41.1 CTXS 37.8 DELL 21 DLTR 22.6 EFII 7.8 ERICY 32.8 ERTS 293.5 FAST 47.5 FHCC 29.2 FISV 34.4 GBLX GENZ 36.3 IMNX 172.9 INTC 22.2 INTU 26.4 JDSU 0 KLAC 17.7 LCOS LLTC 46.5 LNCR 26.4 LVLT 0 MCHP 18.8 MCLD 0 MLHR 13.4 MOLX 30.6 MSFT 24.6 MUEI 10.9 MXIM 48.7 NETA 27.7 NOVL 41.4 NTLI NWAC 6.9 NXTL 0 ORCL 25.9 PAYX 79.7 PCAR 6.5 PHSY 2 PMTC 0 PSFT 103.9 QCOM 90.5 QTRN 0 QWST ROST 9.1 RTRSY 27.5 RXSD SANM 48.7 SBUX 90.6 SEBL 328 SIAL 23.9 SNPS 33.1 SPLS 17.6 SPOT 34.5 SSCC 7.1 STEI 3.1 SUNW 43.8 TECD 8.9 TLAB 32.3 USAI 0 VISX VRTS 0 VTSS 286.5 WCOM 8.7 WTHG XLNX 19.8 YHOO 73.2

To: Barnhart who wrote (462)	1/5/2001 10:59:21 AM
From: Rocket Scientist	Read Replies (3) \| Respond to of 840

I think the QQQ P/E is about 183 using trailing twelve months earnings and the following calculation method: Consider that QQQ is a basket of 100 stocks weighted in accordance with the list on this page (which is updated daily) dynamic.nasdaq.com For a 10K$ investment, one would own 100$ worth of COMS, 210$ worth of ABGX, and so on down the list. Calculate how many shares that amount purchases at a recent market price, and multiply by the EPS for that stock (whether positive or negative) to get the earnings contribution of that stock. Repeat that for all 100 stocks and add up the results. I get net earnings of about 54.66$ per 10K$ investment for a P/E of 183. Sound expensive? Well, sure, but this is for trailing twelve months earnings, and, more important, includes losses as well as profits. In the hypothetical 10K investment, one is buying 71 profitable companies with total positive earnings of 175$ and 29 money losing companies with total losses of about 120$, making the net of about 55$. If all the money losing companies made it to EPS b/e, the P/E would be about 60.