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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: ThirdEye who wrote (7765)	11/12/1997 12:33:00 PM
From: Skeptic	Respond to of 13949

KEA and CA are definitely solid companies that will be around after 2000. However, Y2K is not their primary business and just because they survive does not mean that their stock prices keep going up. For many of these companies, people are willing to pay P/Es of 50 or more for 100%+ growth for a couple of years. What will happen to their P/Es when they go back to 10-15% growth (best-case)? Finally, there won't be short-term gains to take advantage of if the long-term picture deteriorates. Isn't that what's happening now? Very positive news if being completely overlooked because people are starting to consider the long-term impact.