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


To: SOROS who wrote (96698)7/22/2002 2:30:29 AM
From: marginnayan  Respond to of 99280
 
Dividend based analysis does not work for technology companies. Has Cisco ever paid any dividend ? A significant portion of earnings of a technology company is ploughed back into R&D to fight technology obsolescence and to build up cash to continue that R&D during tough times. So technology companies will always be valued on earning growth in the past, present and future. NAS has been massacred but EBAY is still standing still. May be due to earnings power.

Disclaimer:
I have no position in EBAY.