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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crossy who wrote (1652)	1/15/2002 11:18:56 AM
From: Kirk ©	Read Replies (1) \| Respond to of 95598

CROSSY Now I see what you are saying: How do you account for cash in a P/S or P/E comparison? I think perhaps subtracting the cash and adding in the debt makes sense for a first cut. There are so many other variables such as profitability the Cary showed with Maxim that makes relying on any single measure hard to do. I think Gifford has a ton of cash (yup.... $3.33/ share) which makes Maxim even look better if you subtract that from today's current price then do Rate of return on future numbers. You also have book value but that is hard to compare with the way companies can write off useless assets such as a fab that might go obsolete. Good discussion! regards Kirk