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

To: Nanda who wrote (11496)	5/12/1998 2:08:00 PM
From: P. Ramamoorthy	Respond to of 13949

Nanda - The general market is skittish. Barely made any gains today. Expecting inflation numbers tomorrow, PPI, etc. This situation is expected to continue for 3 to 6 months when the earnings of large cap companies will start showing up, and people feeling comfortable with S&P 500 P/E of 23-25, not 28. Shares available for purchase are disappearing with more mergers: Daimler-Chrysler, Ameritech-SBC, CPQ-DEC, Du Pont-?, PPG-? etc. Many conventional traders are still using old criteria for evaluating the market and company stocks. They are nervous. Companies (outside of S&P 500) are earning (like the y2k) and have a lot of cash. I have not figured out how the analysts or market will value the cash, these y2k companies have (COGIF, CMND, SPNSF, SRYSF, IMRS, etc.) except lawsuits. Conservatively speaking, I'm betting on companies with cash reserves. Any ideas? Ram