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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Ron Dior who wrote (53106)	4/18/2002 4:51:18 PM
From: nsumir81	Read Replies (1) \| Respond to of 99280

The key is the news is puncturing the strong recovery BS balloon. It seems that way to me, at the very least. So proforma or not..look at it this way...DESPITE the proforma allowance, these folks can not come up with good news. DESPITE all the pumping that has been done, the markets can only manage so much, in particular, the techs.

To: Ron Dior who wrote (53106)	4/18/2002 4:53:29 PM
From: Steve Lee	Respond to of 99280

Re: "Funny how you people say earnings numbers are a sham only when they support your investment strategies. MSFT’s miss is no more than an accounting smoke screen. Everyone knows that earnings are at a bottom" Ron, what are you talking about?!?!?! Only two days ago I posted this "With earnings for companies often either negative or just a few pennies per share, it can be useful to look at Price:Sales ratios as well as Price:Earnings" Then I went on to look at the price:sales ratios and the growth rates for the top 20 NDX stocks. Here is what I found (data is now a day or so old): Ticker Price PE PS E-Gro S-Gro A-Gro MSFT 57.81 29.2 9.9 6% 15% 8% INTC 29.51 39.9 6.7 42% 11% 18% CSCO 15.58 37.1 5.3 75% 16% 25% QCOM 39.62 38.5 10.0 20% 15% 25% ORCL 12.06 27.4 6.6 2% 0% 20% AMGN 57.75 39.3 11.2 20% 28% 18% DELL 27.21 35.3 2.1 18% 10% 15% MXIM 56.80 59.8 15.1 20% 15% 25% IMNX 29.45 95.0 11.7 7% 33% 37% AMAT 27.08 72.2 7.9 36% 20% 22% LLTC 43.88 58.5 22.6 9% 8% 25% XLNX 42.56 83.5 11.9 76% 21% 25% SEBL 28.31 45.7 3.9 32% 14% 30% CEFT 33.72 40.6 7.6 32% 27% 30% VRTS 36.86 50.5 8.5 18% 21% 32% *** see note for VRTS CMCSK 30.08 54.7 2.5 155% 15% 14% KLAC 68.25 60.4 8.1 -25% - 8% 25% PAYX 41.36 51.1 14.7 11% 12% 20% PSFT 23.96 32.4 3.4 21% 7% 23% CHIR 46.03 36.5 6.4 27% 18% 20% PE = Price:Earnings ratio at end of 1st calendar quarter 2003 PS = Price:Sales ratio at end of 1st calendar quarter 2003 E-Gro = Earnings growth for yr ended 1st calendar quarter 2003 compared to prior yr S-Gro = Sales growth for yr ended 1st calendar quarter 2003 compared to prior yr A-Gro = Concensus analyst estimate for 5 yr earnings growth rate Look at the P:S ratios and the growth rates. Choose the highest of the three growth rates listed if you like. This market is on crack. I update this kind of data frequently on the "Nasdaq 100 Analysis" thread if you are interested in real fundamentals instead of blind bullishness<g> Subject 51697