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To: KatayamaGorobei who wrote (6614)4/25/2001 11:15:56 AM
From: Bill Harmond  Respond to of 57684
 
>>I don't think the valuations can be justified by cash flows from these businesses.

I agree with that, but if we're at a trough in the tech business cycle they should look ahead to better conditions. I've never seen a bull market wait for "visibility".

Some of these companies are growing at triple digits through this, and they have been marketed down by association.