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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Diamond Jim who wrote (5627)	4/17/1999 2:20:00 PM
From: Gary	Respond to of 17183

There was a meteoric rise from $80 to $135 and earnings multiples were over 80. Does anyone remember when a high multiple for any stock was over 40? I beleive this is no more than a correction and somewhere around here is a good buying opportunity. Funds do take thier profits and move on to other trendy sectors such as the resource at the moment --- with the prospect of Asia stating to turn.This whole tech sector is getting beat up right now but it will come back as before.EMC is just getting lumped in witht it all. I have seen it before and be assured it will pass!

To: Diamond Jim who wrote (5627)	4/17/1999 2:45:00 PM
From: ckern	Respond to of 17183

OT - Saved a clipping from IBD 3-16-99. IBD had scanned its database to find profitable firms that are expected to show significant annual earnings gains. RFMD was at the top of the list. According to Tom Sepenzis of U.S. Bancorp Piper Jaffray, he is forcasting that RFMD will have earnings this year at .97 cents a share, 1.53 in fiscal 2000 and 2.14 in fiscal 2001. This should significantly lower its PE from the 300+ level. That's why I was running it through - I don't currently own the stock, just starting to do some DD. Article written by Leo Fasciocco. Charley