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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Frank Yashar who wrote (13195)4/6/1998 12:43:00 AM
From: RetiredNow  Respond to of 77398
 
Yes, you are correct Frank. When I calculated the PE of 170, for one thing I forgot to pull out one time charges, as someone else pointed out. And you are right, it is probably better to price this stock at forward earnings. But I still think there may be a pullback because networking stocks have historically pulled back around April and LU is now being categorized as a networker. So let's see what happens near the end of April. Good luck either way.



To: Frank Yashar who wrote (13195)4/7/1998 3:06:00 PM
From: Yaacov  Respond to of 77398
 
Frank,

Your friend on Wall Street could be correct! Forward P/E ratio may
give you and indication, nothing more!

As for Lucent, yes, it is "lunecy!" but then the PE ratio of 170
should be taken "Cum Grano Salis!" It used to mean something in 70's
and 80's but I doubt it if we can appraoch stocks using PE as a measure!

Happy holyday

Yaacov

p.s.
I know some of your name sakes in Milan!