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To: sea_biscuit who wrote (24233)9/28/2001 8:33:30 PM
From: Jock Hutchinson  Read Replies (2) | Respond to of 25814
 
DIpy: Your analogy of course is silly. Your beloved GPS is selling at .8 times sales, and that's underwear and jeans--hardly high margin items.

By contrast, much of this stuff is very high intellectual capital, high growth, and as a result, high margin products.

Going down to one times sales. While the market may be goofy, it can still differentiate between Ciena's next generation products, and spray paint at Michael's Stores.


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