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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 151.94+1.1%Nov 25 3:59 PM EST

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To: Pink Minion who wrote (10009)8/21/2001 11:52:52 PM
From: geoffrey Wren  Read Replies (4) of 10921
 
Okay, I'm calling a bottom here.

Why? Because I have come to the conclusion it is time for me to buy a new computer system, and if there are reasons for me to buy anew, there are now good reasons for many others to buy anew as well. I've wanted a flat panel for some time; now they are pretty cheap, and dropping into my price range. I just assume that I'll need something better than my 120 Pentium I for running that. I'm getting tired of a 28 modem. Most of all, my HP 5L printer is dying on me, and the new HP printer I have my eyes on requires a much better computer to run it. I think I will buy in late year, when new Windows is out, a Pentium 4 1.5 chip will be cheap enough, and hopefully a motherboard that can use DDR memory.

So there I have a lot of reasons to get a new computer, and some reason to believe that demand is building up for new printers, memory, flat panels, software, and therefore computers. A DVD drive might be another reason to get a new home computer, but unnecessary for an office machine.

There is a contrary argument, though, which is that prices are now dropping so rapidly that people may just wait month by month, as prices drop so severely. But at some time you just have to buy (like when your printer drops completely dead--or hopefully a little ahead of that).

Still, the built-up demand will come out sometime. JMO.

GTW
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