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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (8782)	9/27/2001 3:49:39 PM
From: Gottfried	Read Replies (1) \| Respond to of 23153

energyplay, you said >If we hit this, chances are Silicon Investor won't be here .... Am I getting too negative ?< Let's make plans now to meet on a Yahoo board if that happens. I would not want to miss reading your prognostications.<vbG> Gottfried

To: energyplay who wrote (8782)	9/27/2001 4:24:11 PM
From: Night Trader	Respond to of 23153

Don't forget biotech. Even mature companies sell for 10 or more times sales - Amgen is currently at 16. As industries mature profit margins come down and price/sales decrease but we're a long way from that in Techland and may never reach that level - it's just too innovative a field by nature for that kind of pricing pressure. Many value managers like Tice get hypnotized by the magical price/sales of one but there's nothing magical about it. Anyway it's not so much price/sales as enterprise value/ sales.