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Technology Stocks : John, Mike & Tom's Wild World of Stocks
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To: wlheatmoon who wrote (2189)2/23/2001 11:23:15 AM
From: John Pitera  Read Replies (1) of 2850
 
Mike, thanks for posting that article.

It is obvious that way too much money flooded the capital markets as everyone was chasing the big
operating returns and in the end too many companies expanding too rapidly has given us a glut of
product and lower margins. I'm not sure how long it takes to work out the excesses.

I don't think it's secular as in an 8 or 10 year trend, but we'll see. You need to see articles like this to
help create the more negative environment that is the start of the healing.

John
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