>>The truth is you said energy would not have any impact on tech in general -- you could see no connection -- and you went on to say that telecoms would spend on equipment because they had to regardless of anything that might occur in the energy sector -- you got it wrong, pure and simple
Show me, GST. As far as I can see there is a complete disconnect between energy this year and tech spending. The only slowdown I know about (other than the maturation of PC's) is the inventorty overhang from CLEC slowdown due to credit contraction. Not energy costs. You can't point energy at anything. I'd like to see you do it...and not by producing some 2000 year-in-review article bunching factors together in a catch-all post mortem on 2000. Not even transportation stocks, which are the most highly sensitive to energy costs.
>>Your forecasts
What forcasts? The only forecasts I remember making this year is that chart exentions told me that Nasdaq could get to 2400, and that I think Yahoo can earn $10.00 per share one day. I made many posts contradicting your sky-is-falling scenarios, but those weren't forcasts. The sky didn't fall.
At the turn of the year, it's a positive sign that companies involved in building the Internet are not slowing down but adding to investments in an attempt to keep up with intense demand for online capacity.
Corning Inc., the $7-billion-sales inventor of fiber-optic cable, will increase capital investment to $2.5 billion next year, from $1.8 billion in 2000.
Nortel Networks, the Ontario, Canada-based company that has transformed itself from a maker of telephone equipment into a supplier of Internet networks and services, is also increasing investment in 2001.
Lucent Technologies, struggling to move on to optical networks from its historic base in telephone equipment as the former Western Electric division of AT&T--is maintaining capital budgets despite adversity.
Smaller suppliers of optical components, such as Sycamore Networks and Ciena Corp., also are spending to expand.
James Flannigan, Los Angeles Times, December 31, 2000
latimes.com
I don't know where you get off. You have been all over the map with one scenario after another and I have stayed the course. That's my choice. No one can tell me my choice is wrong. It hasn't proven itself out through multiple Fed cycles. The Internet wave has only seen this one.
I've made alot in the stock market, GST. Play with somebody else. You've been doing the speculating around here. |
