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Strategies & Market Trends : The New Economy and its Winners

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To: Bill Harmond who started this subject	5/23/2001 6:17:29 AM
From: Harvey Allen	Read Replies (2) of 57684

Andy Grove looks down road From 1995 to 2000, we were in kind of renaissance of technology, and the king's money flowed to the artists and the architects of this renaissance. But if money dries up, for a period of time, it has to slow down the deployment of that technology. And that is going to cause lasting harm. That's what worries me most. We do have to draw a little bit of a distinction between a slowdown that allows the investment that was done ahead of itself to be corrected, as compared to an anti-technology bias that will bring about a lack of liquidity in the technology markets for a longer period of time. Even then, one would expect, after the successes that have been created, greed will bring the money back in. But I worry -- communications infrastructure, deployment of fiber optics, broadband to the home -- all of this requires billions and billions of dollars of investment. It's going to come out of somebody's pocket. www0.mercurycenter.com

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