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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (29501)	4/11/1999 6:37:00 PM
From: Sun Tzu	Respond to of 70976

As long as we are on the topic of PC sales, one of Bill Flankenstine's (sp?) arguments for bear case on PC related stocks was that the PC now has a 55% penetration and even if you grant it a TV like penetration of 95%, since the ASPs have droped from 2000 to 1000, there is no growth left to support such hefty valuations. I have not run the numbers to see if they make sense, but I find the argument interesting. When (if?) the market comes to believe the same, there will be a serious melt down in the techs. Communication stocks should do well though. Sun Tzu