Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Art Bechhoefer who wrote (26240)	6/28/2004 7:40:00 AM
From: Dave	Read Replies (1) \| Respond to of 60323

Art: The point is whether or not there are "material" differences between guidance and actual results. Companies have missed "by a penny" and provided no update during that quarter. Companies, also, have come in light by a few million on the top line and, again, they have not issued "revised" guidance during that quarter. Therefore, a company can miss expectations and not update guidance. RE: Interest rates While that is one rationale as to why the S&P appears to be in a trading range, another reason why it appears that the market really is not moving up even though earnings growth has been fantastic is due to the fact that the P/E ratio on the S&P 500 ~22 on a ttm basis and ~18 on a 12 month forward basis. Both are quite a hefty premium to pay. David