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Technology Stocks : Intel Corporation (INTC)

INTC 39.25

-3.7%

11:30 AM EST

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To: Tony Viola who wrote (142704)	9/4/2001 6:14:07 PM
From: Jim McMannis	Read Replies (1) of 186894

RE:"Greenspan in his ultra fear of inflation that never reared its head, screwed the pooch. Tech hasn't been this bad since the 70s. Why, if not for monetary policy?" AG...he saw the inflation coming and hiked appropriately. IT spending was simply destined to go off the cliff after the y2k scare was over. He's been easing for about a year now but the pyramid scheme of choice is now Real Estate....because rates are low and Congress gave it the mother of all tax breaks... Right now, no one wants tech stocks...plain and simple. Those who were burned won't forget for a long time as well. Jim

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