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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (74338)	4/6/2001 10:59:04 AM
From: Les H	Read Replies (1) \| Respond to of 99985

interesting neutral formation mrci.com

To: Les H who wrote (74338)	4/6/2001 12:58:49 PM
From: Doug	Respond to of 99985

L.H: Try using historical bear P.S.R's and 2000 sales figures.

To: Les H who wrote (74338)	4/6/2001 2:22:08 PM
From: Math Junkie	Read Replies (2) \| Respond to of 99985

"The earnings estimates are falling fast." Are earnings falling more slowly in other tech sectors? Remember, I am not claiming that semis are bargains. I am asking why people are saying they are more overvalued than other techs. "Intel's P/E is now over 40. The P/E based on 2002 is about 25. " Intel is the cream of the crop, and thus cannot be considered typical of semis in general. How do semis' P/Es compare with other tech sectors? And how do they compare to the long term earnings growth rate? "I'm also finding many of the price-to-book ratios are less meaningful as a result of a large amount of goodwill residing on the balance statement, some companies as much as 80% of the book value." Everyone seems to have their own favorite valuation metric. I don't care which one people use. I'm just asking those who claim that semis are more overvalued than other sectors to provide some actual numerical comparisons to back up what they are saying.