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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (124220)	9/27/2002 12:03:22 AM
From: Clarksterh	Read Replies (1) \| Respond to of 152472

MM - : I myself like to use price-to-sales, especially when earnings are depressed by weaker economic activity, as is the case now. According to data that I saw from ISI Group, the price-to-sales for the S&P industrials is currently about 1.5, i.e., you're paying $1.50 for every dollar worth of sales here. The P/S got to about 2 at the peak of March 2000. From 1963 to the late 1980s and early 1990s, it rarely surpassed about 1.2. So, we are still in uncharted waters I'd love to see that chart, or the one of Price to Book. anyone know where I can find them? BTW - The Laffer guy does make some very valid points about the distortions of P/E as it is no calculated by people such as the S&P. Now, much more than ever before, the Earning as calculated by S&P will rebound through the roof after a recession. Clark