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Technology Stocks : Intel Corporation (INTC)
INTC 41.41+2.2%Dec 5 9:30 AM EST

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To: Elmer who wrote (123986)1/2/2001 2:08:07 PM
From: Mary Cluney  Read Replies (1) of 186894
 
EP,<<<Cisco is getting killed this morning...
$34 and change.>>>

As is EMC. $57 or so. IMO, the valuation correction for tech stocks is about done.

Herd instinct being as such however, we could begin to see irrational pessimism.

Human nature is such that there are always pessimists and misanthropes among us. Some may even enjoy the suffering of others.

Nevertheless, the dynamics in the world are such that people recognize the need to get rid of negatives in their lives and build for a more prosperous future.

The Internet and the spread of technology will be such a powerful force to fight ignorance and poverty that things are really different this time.

The old economy is just that - old. The old economy is not going away any time soon - but it is going away.

This nonsense about not needing more powerful computers and/or the PC era is over and that the PC is just another commodity is sooooooo stupid - it's not even funny.

Mary
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