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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: Skeptic who wrote (7774)11/12/1997 4:01:00 PM
From: Gerald Underwood  Read Replies (1) of 13949
 
Skeptic,

You may be forgetting several major factors. While stockholders may buy low and sell high taking profit from anticipated company success, company earnings generally follow another route. It's called capitol appreciation. The same factors that are driving the stock prices will soon display themselves as a massive earnings fulfillment for the right companies and this capitol will be put to work earning more capitol. As y2k earnings taper down, euro dollars will supplant to be continued by a lot of catch up work that has been put aside while computer personnel are focused on y2k efforts. Then you have the massive maintenance and growth efforts that it will take to drive the internet and distributed computing. Y2k may well be just a temporary stall to the momentum that has been created by our technological progress. Since when have computer demands ever, ever tapered down? {:-). JMO.

Best Wishes,

Gerry
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