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Politics : Formerly About Applied Materials
AMAT 318.63-3.0%Feb 3 3:59 PM EST
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To: Teri Skogerboe who wrote (4347)5/9/1997 10:56:00 AM
From: Terry D   of 70976
 
TO ALL -

1. There has been much debate on SI about the benefits of technology, well... The Fed chairman was in town last night at the Stern School of Biz at NYU, and he came out strongly for the belief in the power of technolgy for increasing productivity - in other words, he is a fan of green bananas.

Mr. Greenspan said,"there are many reasons to be optimistic about the economy's prospects." He gave a nod to the growing minority of experts who argue that productivity may be picking up, despite the gloomy official numbers. Recent growth, he said, "suggests there may be an undetected delayed bonus from technical and managerial efficiencies coming from massive advances" in computers and telecommunications. He reiterated his prior statements that technology and trade also may allow the economy to grow more without straining its resources.

2. The article in Motley Fool could have been written by Cary Salsberg - our resident master of entry points and relative value. The Fool (does anyone have any idea of their credibility and/or skills?) is also looking away from the big names to secondary and tertiary names - "As many of these stocks are not widely followed by brokerage analysts, it would appear the prospects for finding undervalued securities are best here. ULTRATECH STEPPER (Nasdaq: UTEK) (N) (S), SILICON VALLEY GROUP (Nasdaq: SVGI) (N) (S), ELECTROGLAS (Nasdaq: EGLS) (N) (S) and Cohu are the names that come immediately to mind."

Good luck - td
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