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The present NAZ and CDNX technology bull mkts are confusing because they are a mixture of hysteria and truth. The fact of the matter is that technology is evolving so fast and creating so much productivity and wealth that there is a rational argument for trying to determine which of the companies are leading edge and then investing in them. Cisco, Nokia, Qualcom and in our neck of the woods certicom cic, IW, sierra, wi lan and others are real products; and maybe companies like ICS (embedded software) or BTI green fuell cells or the wireless or China connection companies will also become big companies in the future. So as long as the technology continues to evolve, and it will, the party will continue in one form or another. The technology is just evolving faster and faster with more and more complexity - cures for cancer (LOR)?, new clean running cars ATF, new material BTX, China internet (many companies), internet security (KCA, cic, ERA, bdc, etc), smart cards DTV, VSI wireless meter reading GI, new fish vaccines KQR, and so on and so on. So how does one seperate the truth from the hysteria - probably with many upheavals and corrections, but by and large the trend continues up, forever or until we destroy ourselves. |
