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To: patron_anejo_por_favor who wrote (67029)2/12/2001 8:23:19 PM
From: pater tenebrarum  Respond to of 436258
 
perhaps he used the aggregate cap and divided by aggregate GAAP earnings? it seems that way to me.



To: patron_anejo_por_favor who wrote (67029)2/12/2001 8:52:44 PM
From: Joan Osland Graffius  Respond to of 436258
 
patron, > sounds like they equally weighted

I read the article and the earning were weighted equal to the cap of the company relative to the other companies in the index. I did not bookmark the article, but I think it was from the NY Times. It looked like a fair evaluation. What they did include was the losses from the companies in the index. There are a few dot bombs that probably cause the PE to be so high.

Joan


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