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To: Lizzie Tudor who wrote (21576)7/30/2004 2:11:06 PM
From: Logain Ablar  Read Replies (1) | Respond to of 57684
 
tech stock valuations are still due for more contraction (although we may expand a bit here for the next few months).

Look @ googles valuation 30 something billion where the total online market revenue is projected @ 8 billion. Still a disconnect.

How about valuation in this new old line company AHL. Should earn $4 this year and its trading @ 24.



To: Lizzie Tudor who wrote (21576)7/30/2004 2:18:06 PM
From: Bill Harmond  Read Replies (1) | Respond to of 57684
 
Counterpoint: Microsoft has a vested interest in keeping tech valuations low. They have all the capital they need.