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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: GST who wrote (129790)	8/9/2001 2:09:29 AM
From: schrodingers_cat	Read Replies (4) of 164684

Remember, interest rates take time to work. 9 months is the average, but the range is something like 6 to 18 months. I figure that it may be Q4 reporting season, ie Jan '02, before there is sign of a turnaround. It's too early to be looking for a recovery. I'll admit that the recent data has turned me a bit more bearish, but I still think that things don't look too bad. Of course if consumer spending rolls over then I'd get bearish real quick. >...PC market may not recover until 2005." Look, semiconductor technology continues to advance, so I think that this kind of prediction is a good example of irrational pesimissim. More predictions like this would be a good sign of a bottom. Windows XP is such a memory hog that most users will have to buy a new computer if they want to upgrade. Meanwhile, the broadband roll-out continues, and this will drive some purchases. New applications like home moviemaking and new games provide more reasons to buy a new machine. Of course the PC market is no longer as dynamic as it was, but that doesn't mean there is no longer any money to be made. Longer term (5 years) I'm quite optimistic about the tech sector. I just won't touch it until I'm sure the train wreck is over. Times like these I think its better to be too late than too early.

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