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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 165.07-1.0%Nov 18 3:59 PM EST
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To: RocketMan who wrote (67484)2/18/2000 5:22:00 PM
From: Dooker  Read Replies (1) of 152472
 
Greenspan wants to slow GDP growth, not make it drop. He does not want a recession.
But I'm in agreement with you that he does not fully see the drastic changes coming from a world networked with computers. All products will eventually be commoditized,at a rate never before imagined. Profit margins shrink, with only the high volume economies of scale companies left. That's why the DOW is stagnant--future earnings growth are in peril. There is no other way --new technology threatens the old ways of the economy.(I do think American companies, with their experience in a highly competitve economy gives them great international advantage. High interest rates,though, could hurt their share price and thus reduce their ability to make international acquisitions and expand.)
It will be fascinating seeing it all unfold. The Old Economy with the Old Economists and Old Bankers and Old Investors just don't understand how their previous historic models have little meaning in the new network. It will be hard to pick out the new international giants, but you don't need to.The road to riches is investing in the technology that builds the NETWORK (fiber optic,wireless, internet-compatible componenets, and software) The winners and loser of the transition from Old Economy to New Economy all have to use the NETWORK to have prayer of emerging victorious. This will become transparent when the NASDAQ catches the DOW Jones Industrials.

How's that for a bag of wind?

Good Day.
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