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Technology Stocks : Motorola (MOT) -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (934)	4/6/1998 9:14:00 PM
From: Perry G.	Read Replies (1) \| Respond to of 3436

If that's true...why were there no revisions on First Call to the 2nd Quarter Mean Estimate... And....you haven't answered the primary question..why does this stock justify a current PE of 30.... With the forward looking statements of gloom contained in the MOT 1st Quarter report...I would guess there are analysts who have some sway thinking that there is no way MOT is justified in having a PE of 30... Remember PE is supposed to be in line with GROWTH of earnings...

To: Clint E. who wrote (934)	4/6/1998 9:25:00 PM
From: MoonBrother	Read Replies (1) \| Respond to of 3436

I think MOT as well as Nasdaq as a whole will rally tomorrow. The reason is simple, there is just too much cash looking for home right now. The market will use every excuse to go up. Forget about the fair value, forget about the PE et al, as long as there is no earning disaster, the market will find a way up! If you are a money manager, and you have tons of cash in your hand, with DJ30 and S&P500's high % increase, you are forced to perform with the money. You have to look for stock to put your money in. Besides, with all the international money that are flown in from Asia and everywhere else, the market has no way out but up! So my guess is that tomorrow the market (Nasdaq) will start a bit slow, but will eventually turn upward at the close. If that's the case, we shall see broken records all over again Wednesday and Thursday. MB