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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Return to Sender who wrote (15540)6/3/2004 6:46:33 PM
From: Donald Wennerstrom  Respond to of 95383
 
Good article - no doubt about it - P/E's have been shrinking since January - the better the report on a company, the more the P/E's shrink. The tabulation of this action goes on week after week for the semi-equips and SOX. Earnings have continued to expand week after week, but prices go down so we have a "double whammy" - the numerator goes down and the denominator goes up - makes the P/E's shrink real fast.

Don