Growth may have peaked, but I believe that over time PC vendors will still grow faster than most old economy companies. How often do you upgrade your refrigerator or your lawnmower? <gg>>>>>
jack, thats very true, but i think we have reached a point in the tech upgrade cycle of diminishing returns, and now tech companies that were valued on some kind of new economy bs, are being revalued as normal companies, with normal growth cycles,
semiconductors who everybody has fallen in love with over the last decade are subject to the same boom/bust cycles of autos, oils, metals, grains, etc.
software upgrades over the last couple of years have provided diminishing returns on investment.
the point is that technology is subject to boom/bust cycles, just like cotton, wheat, gold, oil or anything else that trades in the markets.
at the point when the markets believe that the market cycle has been destroyed (like gold and oil in 1980), is the time for a really ugly bear/bust cycle.
the sentiment at the bottom of this tech cycle, should mirror the sentiment at the top.
irreverent i yam -g- |
