Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 36.17

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Nov 25 4:00 PM EST

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To: Chip McVickar who wrote (8295)	4/17/2003 6:47:31 PM
From: Berk	Read Replies (2) of 207028

Chip, I always look forward to your market interpretations so I wanted to say thanks. With regard to the semiconductor article which I intend to read let me make the following observation: In the seventies I worked for a mainframe computer company and every year we wondered where next years sales would come from. With that thought process IBM priced their initial machine to make money at a low number of sales because they didn't think that they would sell many. To their surprise they sold thousands. Remember the initial PC? Ken Olsen (DEC founder) thought that they were a curiosity with little market potential. The net is don't ever forget the power of Moore's law and the impact it has on demand for semiconductors.

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