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

To: Zeev Hed who wrote (88726)	6/30/2002 9:08:06 PM
From: SOROS	Respond to of 99280

INTC is toast. Look at the comparison with AMD. They both are in a declining market. INTC had about 1 billion in net income and the stock is valued at 122 billion! Look at the price to sales comparisons! The valuations of most companies still reflect the fraudulent accounting of the past few years. As this comes to light, these markets will return to historical valuations. Where is that? I have not checked lately, but probably less than 1/2 of where they are now. I remain, SOROS