Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

AMAT 261.90

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Dec 26 9:30 AM EST

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To: Proud_Infidel who wrote (11146)	8/8/2004 11:53:29 AM
From: Kirk ©	Read Replies (2) of 25522

RE: Workers in the Bay Area are the most pessimistic in the nation, with 27 percent worried about losing their job, according to a July survey by staffing firm Hudson Highland Group. Only 18 percent of workers nationwide share that fear. Santa Clara County -- which comprises San Jose and the corporate hubs of Cupertino and Palo Alto -- has lost 231,000 jobs since the peak of the dot-com bubble in December 2000, according to a recent report from San Jose Mayor Ron Gonzales. It is no wonder that tech stocks are slumping when at the hub of activity, 27% fear losing their jobs even after 230,000 jobs have already left the area. (about 1 in 5 jobs) Most I knew used to invest 5 to 10% of their pay checks back into company stock before the bubble burst. I wonder how many tech workers continue to do this now? It looks to me like those with jobs are buying bigger houses or moving from appartments to starter homes rather than putting the money into company stock plans. It would be interesting to get data on this if it was kept somewhere. BTW, I believe this job loss is something like 1 in 5. Add that to a large number of people who were laid off and had to find jobs elsewhere, perhaps lower paying or fewer benefits, and you can see why the fear percentage is so high.

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