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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: Didi who wrote (5011)12/21/2000 1:22:07 PM
From: Paul Viapiano  Read Replies (2) of 6531
 
The reduction in cap spending among telecoms and related issues, ever since Nortel warned and started the current slide, was described as a temporary situation. The CSCO inventory statement, which exacerbated the decline another notch, was also described as a temporary situation. After that came the election, more warnings and now the possibility of recession. This has weighed heavily on the minds of traders and investors so that a fear mind-set has set in. The thing you must realize is that telecom spending will not dry to a stand still...it will pick up again. This technology is still the future and growth of this magnitude is to be found nowhere else. Once this is re-realized, along with a little help from the Fed, these issues will start to be priced out into the future once again, possibly no where near their highs of the past year, but a good deal higher than where they are now. Remember that fear does not make for a rational value judgment, nor does greed.
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