I don't think it's even remotely relevant >>>>

Posted by britishb on 21/July/2004 at 14:03:

In Reply to: lol most of them are to be fair...... posted by BertEEE on 21/July/2004 at 13:52:

what is relevant is the stiff competition, cyclicality and MASSIVE wite/offs some of them incur in a downtun. Sure, profits may have bounced well from the last downturn but some of the destruction of shareholder value has been laughable...years and years of future profits pissed away. Look at Broadcom as a good example. Ramping up profits now but 6.5BILLION retained losses (albeit a lot of that is goodwill written off against acquisitions made with shares). Mmmmm....and people will pay 30xforecast earnings for that!

: but mainly because they are actually bolloxs. It's quite rare that I read anything that is written bullishly these days. Anyway, back to the point, your guy cunningly uses revenues vs domestic GDP when I think it's about 45% of Nasdaq revenues are from outside the US.

: Obviously you don't think thats relevant ;o)

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Hmmm - dodgy ground IMO.... BertEEE 21/July/2004 at 14:07 (0)

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Comments:	: what is relevant is the stiff competition, cyclicality and MASSIVE wite/offs some of them incur in a downtun. Sure, profits may have bounced well from the last downturn but some of the destruction of shareholder value has been laughable...years and years of future profits pissed away. Look at Broadcom as a good example. Ramping up profits now but 6.5BILLION retained losses (albeit a lot of that is goodwill written off against acquisitions made with shares). Mmmmm....and people will pay 30xforecast earnings for that! : : : : but mainly because they are actually bolloxs. It's quite rare that I read anything that is written bullishly these days. Anyway, back to the point, your guy cunningly uses revenues vs domestic GDP when I think it's about 45% of Nasdaq revenues are from outside the US. : : Obviously you don't think thats relevant ;o)