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Technology Stocks : ASML Holding NV -- Ignore unavailable to you. Want to Upgrade?

To: JC2 who wrote (355)	3/12/1998 2:38:00 PM
From: Michael Ohlendorf	Read Replies (1) \| Respond to of 43266

JC2 and Joost no need to become upset here. Everybody has the same goal here which is to take advantage of the market and make money. So lets calm down and join forces here. The Internet and this place provide unique tools for it we have not had until very recently. Joost could you enlighten us what effect the listing at the Dutch exchange does have on ASMLF. Since the Eurobourses are still in an uptrend this seems to have a very supportive effect on the stock. Look for example at LHS Group (LHSG) the maker of Telco billing software (a German company that is now headquartered in Atlanta). It trades with very little volume on the Nasdaq. Its major driving force is its listing at the "Neuer Markt" (New German Market). Almost every stock listed there since the start of this new market one year ago has more than doubled. Another reason for this is that more and more Germans discover investing in stocks. "Neuer Markt" IPOs are bought like crazy no matter what P/Es the companies have. I assume the situation is somewhat comparable in the Netherlands. What do you thing ? Could you also offer an explanation for the relatively high volume with which this stock trades in the US ? I personally remain pessimistic (and thus short). Why should the situation for a Dutch semi equipment manufacturer be different than for the US companies that were cut down almost all to very close to book value during the last sell off ? I agree that the growth of ASMLF looks impressive but many other stocks in the sector show comparable growth rates and trade at far smaller P/Es.