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I wonder if we are beginning to see PC saturation in the US. Sure, there is an insatiable need for semiconductors well into the future. But over the years I've bought lots of PC's. Now for the first time I am sitting with a p120 at home and a p200 at work, and neither is MMX and I, who can well afford another machine--really don't see the need to upgrade. There is little difference between the two, and most of what I now do as a consumer, I do on the internet and let the mainframes handle the details. For word processing, spreadsheets, email, personal accounting, and even slide presentations, I just don't need the latest and greatest any longer. I'll bet there are a lot of folks who feel like me. Why otherwise do we now have under $1000 computers replacing machines of only a year ago. In the past the machines stayed at about $2000-3000, but the features and power were upgraded in quantum leaps. No longer. Now the features expandto a lesser extent, but the prices come down. In my view, the same thing is going to happen to the high PE tech stock prices. Especially if the statement that 10% of chips go to that market is true. |
