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Technology Stocks : Hewlett-Packard (HPQ) -- Ignore unavailable to you. Want to Upgrade?

To: Night Writer who wrote (358)	5/13/2002 1:55:25 PM
From: MeDroogies	Read Replies (1) \| Respond to of 4345

It says that the ratio moves to 30...but doesn't say what it was prior to the bubble. My guess is that the ratio of current comparisons (22 versus 30) to pre-bubble comparisons would likely be the same. Earnings were inflated during the bubble, but there were some valid reasons for inflating them (if the methods weren't always the most valid or legal). After all, investors were pouring money into the market like there was no tomorrow. There was a need to justify all that cash. The problem of the bubble was lack of transparency. I'm not sure this methodology is going to be any more transparent...particularly if it isn't put into an historical context.