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Technology Stocks : Oracle Corporation (ORCL)
ORCL 219.89-1.3%Nov 17 3:59 PM EST

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To: hueyone who wrote (17829)1/15/2003 12:22:58 PM
From: Lizzie Tudor   of 19079
 
Having said that, I will acknowledge that technology has helped companies manage their businesses, but it also helped the competition manage their businesses, as well as presented many new sets of problems and challenges. The net result is that business remains business; technology hasn't magically made all companies grow faster, earn more, be better managed, and there is no "new economy".

You must have been absent in the early 90s/late 80s. This post seems to assume US businesses were never under any sort of competitive threat, they were, from Japan and asian manufacturers which were more efficient than the US in the past. We lost whole industries like consumer electronics in the 80s to more efficient producers. Technology reeled all that business back in on these shores (the part of it that made sense, I understand most mfg is still offshore but it is the cheapest producer), the competition you site is from domestic players which is a healthy thing.
Lizzie
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