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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Paul A who wrote (18284)	1/11/2002 9:12:20 AM
From: Bocor	Respond to of 19633

Majority of tech stocks 'overpriced': ML (MSFT, ORCL, CMVT, LLTC, MXIM, HWP, CSC) Steve Milunovich, global technology strategist, said an analysis of the implied growth rate of tech earnings for 2002 and 2003 suggest that 70 percent of the tech stocks evaluated appeared overvalued. "Relative to 1990, tech looks expensive when valuations are adjusted for interest rates," Milunovich said in a note to clients. Among stocks he sees as overpriced are Microsoft (MSFT) , Oracle (ORCL) , Comverse Technology (CMVT) , Linear Technology (LLTC) and Maxim Integrated Products (MXIM) . He said underpriced stocks include Hewlett-Packard (HWP) and Computer Sciences (CSC) .