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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Jack Hartmann who wrote (5271)	1/31/2003 12:57:44 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 25522

the problem is all the other areas of technology got whacked harder than the SCEs so 1x price/book doesn't seem so outrageous anymore. A lot of software (big software I mean, the enterprise players) was at 1x p/s for awhile, with a floor at the cash position. The cash position of the nasdaq makes me think Fleckensteins predictions for the naz index are way off base, after all tech stocks bounced at cash in july/oct and at that time the sentiment was that all the smaller players would go BK. (we don't have that now). Still for the SCEs there seems like downside. arghhh