Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 176.34

-5.8%

Dec 12 9:30 AM EST

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To: Dwight E. Karlsen who wrote (1499)	11/11/1997 12:31:00 AM
From: William T. Katz	Read Replies (4) of 9256

RE: Tech bear market Has there ever been an extended bear market in a sector which grows at more than 20% annually? And perhaps an ever higher growth rate in the case of networking, digital video, and selected semis? I always thought busts happened when markets were overvalued, poorly growing, and living with inflation and interest rate increases. Here we have companies selling at 1/2 growth rates with low inflation. Or does every tech stock have to pretend that the overvaluation of Coke also blankets its fundamentals as well?

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