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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: dwight vickers who wrote (22713)6/16/1998 6:02:00 PM
From: EPS  Read Replies (2) of 42771
 
(OT) Dwight,

A quick initial reaction

I think that you are too harsh with a leadership that

a) eliminated the Soviet Union as a world power (consequences
of the end of the cold war are usually overlooked in the low level
studies that appear in the commercial financial media)

b) created the strongest economy in the world (through a long
and rather painful process, I should add. )

Indeed Europe and Asia are far far to the left from our system which
does provide rather strong punishment to those who are unable to
compete. This applies also to the Marengis and Dunlops of this world)

c) created possibly (hard to say when you are part of the reference system) a new economy based on technological revolution and making service, technological advance and manipulation of information, central.

In the process a number of serious problems were resolved rather neatly:

a) the internal debt was wiped out.

b) the bad loans and useless commercial centers were absorbed

c) the Banks were made strong

d) the dollar become the world currency of choice (Now that is a neat advantage over our competitors!)

I think we went through this before in some other discussion but a good deal of this money that is being poured into the financial markets leads to cures for cancer and impotence, to private satellites being launched, new chips, all kinds of stuff that make our lifes easier and more productive, electronic banks, electronic commerce, etc etc, etc etc.

In fact rather than believing that the markets are guilty of anything I believe that they are a dramatic proof that the system works. One should not confuse the greed and the motives and all the ugly stuff with the end results. As my friend Rosana Rosadanna, the one with the invisible hands, used to say.

Victor
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