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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (230970)	3/25/2003 11:36:41 AM
From: Jeff Jordan	Read Replies (3) \| Respond to of 436258

I think I'm doing the right thing....just too early? But, this biz is all about timing. Just saw this: Valuations For instance, back in 1990, Microsoft (MSFT: news, chart, profile) had a $5 billion market cap. It had trailing sales of $1.5 billion. By comparison EBay's (EBAY: news, chart, profile) market cap is now $27 billion, or about 5.5 times what Microsoft was worth in 1990. Microsoft traded at 3.3 times trailing sales back then, according to Hickey. EBay now trades at 22.5 times trailing sales of $1.2 billion. Microsoft's price-to-earnings multiple averaged 19 times trailing earnings in 1990. Even at Monday's closing price of $87.55, EBay had a price-to-trailing earnings multiple of 100