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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: waverider who wrote (103664)9/4/2001 12:36:47 AM
From: bobby beara  Read Replies (2) | Respond to of 152472
 
Good point. Great tech companies have always sported overvaluation PE's. This is why the extreme bears and value investors rarely buy in and why many are doomed to sub par investment results.

<H>

UNTRUE, THAT IS PURE FUD, IN THE EARLY 90'S BEAR MARKET INTEL HAD A SINGLE DIGIT P/E.

tech companies can be subject to periods of undervaluation as any other market group, people are still in love with tech even after these losses, most likely the real bottom will happen when most investors are in money market accounts or cd's, like they were in 1990, they were largely wrong to be out of the market at the beginning of the internet boom, and they were largely wrong to be fully invested and margined at the top of the boom.

the cycle, is the cycle, linear thinking which was rewarded in the last half of the 90's, will be demolished in the new millenium.

imho,
b

b