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Technology Stocks : Intel Corporation (INTC)

INTC 37.92

-1.4%

12:09 PM EST

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To: Road Walker who wrote (122872)	12/14/2000 11:12:39 PM
From: Tushar Patel	Read Replies (3) of 186894

The speed of the slowdown is amazing. Beyond PCs, here in San Francisco, the paper did a story on office space being opened up due to dot com closedowns. In the South of Market area where dot coms are plentiful, rents that used to be$60-$80 in May are now down to around $30-$60 (per sq ft per year) (http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2000/12/11/MN141240.DTL). Vacant office space has gone up over 50% in just the last 3 months. To put this in perspectives, earlier in the year, tenants were offering landlords stock options on top of premium rent due to shortage of office space! I don't know if this speed is just an effect of 'just in time' type of efficiencies that everyone seems to have now or what. In any case, makes it very difficult to figure out if this trend will continue or whether the market will again turn on a dime and go upwards. What do you think the speed of the recovery will be like? tushar

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