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Technology Stocks : Genesis Microchip (GNSS) -- Ignore unavailable to you. Want to Upgrade?


To: Larry S. who wrote (1043)3/14/2003 6:41:49 PM
From: Paul Senior  Read Replies (2) | Respond to of 1277
 
With GNSS earnings expected to be about .55 for the next year, the p/e ratio is still close to 25. That is too high imo in this market where so many growth stocks are at lower valuations.

I've decided to take my lumps on this one and deploy funds elsewhere, so I've closed my position today.

Jmo, wrong though it may be.

Paul Senior