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Technology Stocks : How high will Microsoft fly?
MSFT 508.82+0.6%Nov 11 3:59 PM EST

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To: yard_man who wrote (37243)1/30/2000 9:59:00 AM
From: abbigail  Read Replies (2) of 74651
 
Dear tippet:

We have all heard this song before:

"cycle or no ... prices are dropping really fast ... volumes won't
keep pace. CPQ, DELL and INTC will all be trading substantially
lower in 3 - 6 months from now -- I don't see how MSFT escapes ..."

This is a better outlook:

''Technology-led growth is inherently disinflationary,' said Edward Yardeni, chief economist for Deutsche Banc Alex. Brown. ''High-tech prices are always falling. The Internet has become the killer application and it is killing inflation.'

Technology has also made old inflation measures obsolete. And, those who hold to traditional economic mantras, such as the belief that a jobless rate below 6.0 percent and an extended business cycle eventually breed inflation, have made false calls for years. Yes, even Federal Reserve Chairman Alan Greenspan.

Message 12721639

Intel will soon be manufacturing chips from 12" wafers, instead of 8"
increasing production efficiency significantly. What does a quality 17" monitor cost you today: $ 200 maybe? I paid $ 800 in 1995-6.
No the sky is not falling, just prices.

Abbigail
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