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Pastimes : Home on the range where the buffalo roam

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To: mishedlo who wrote (12146)	4/2/2001 12:10:54 AM
From: Boplicity	Read Replies (2) of 13572

After reading the this week's issue of biz. weeks I will have to agree with you at least about this weeks market action, but the market will start to look beyond what we have now. one little glimer of light out of the likes of CSCO, would end it pronto, more so then anytime during the bear. Here is some sobering stats. <<TELECOM Traffic carried over fiber-optic networks is a staggeringly low 2.5% of capacity. Massive overbuilding and weak demand also spells shakeout for local and long-distance carriers. SEMICONDUCTORS Facing a global glut, key manufacturers in Taiwan are operating at 70% of capacity, while global capital-spending plans for this year are down roughly 16%. COMPUTERS Everyone from PC, handheld, and server makers to storage companies is getting hit. Palm (PALM ), Compaq (CPQ ), Dell (DELL ), Gateway (GTW ), and Hewlett-Packard (HWP ) have announced layoffs. AUTOS Auto makers have added new plants around the globe far faster than sales have grown in recent years. With demand slowing in the U.S., Big Three plant closings are all but certain. RETAILING Retailers such as Gap (GPS ) and Ann Taylor (ANN ) have added stores for years--and now that is hurting the sector. ADVERTISING Agencies staffed up for the '90s boom; now those copywriters and account execs are growing idle as ad sales shrink. >> Be

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