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Technology Stocks : All About Sun Microsystems

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To: JDN who wrote (49231)	5/25/2002 10:08:57 PM
From: DRRISK	Read Replies (1) of 64865

The problems you annunciate are real but I believe that the traders, analysts, Investment Banks or Accounting Firms are not the problem as much as the economy. I believe that Greenspan miscalculated and heavy handidly crushed liquidity in the market without real justification other then The Internet Bubble thesis which he used to justify his persisitent and repeated raising rates and reducing liquidity until he caused a recession as well as a bear market. We had little inflation tremendous productivity gains and a technology revolution which just needed to be left alone and the good companies would rise to the surface and the bad companies would go bust. Instead he destroyed the momentum and now has had to lower rates irrationally increase liquidity to ridiculous proportions and cause the telecom industry and related companies to pull the entire market under. The telcom biz had modeled their businesses on CapExs which were sustainable without this demented fed chief using his feast or famine monetary policy to precipitate a recession. It is my opinion that the cream of the technology revolution will rise again and be more dominant then ever because of the consolidation and absorption of the competition. I have only invested in the TECH companies that have aggressively maintained their R&D and realize that this will ultimately propel their earnings. They are MSFT, LU, IBM, and SUNW. Presently I only like LU and SUNW and am accumulating large positons for the long haul and will trade off their appreciation over the next few years. This market is a great buy. But is very frustrating because of all the FEAR and UNCERTAINTY. My next sector when the dust settles will be the wireless and wireline companies. They are still to scary for now. DrRisk

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