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Technology Stocks : Macromedia...making a comeback?
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To: J-P tymowski who wrote (1983)12/12/1997 4:08:00 PM
From: John Nail   of 2675
 

Oracle sells alot of software in Asia and they announced lower sales
in that part of the world. This action might have prompted some analysts to
adjust their expectations based on the proportion of their sales from that region.
Just a guess, it seems knee-jerk (the drop) and all of tech has gone down in the last
few days. Today, the tech-heavy NASDAQ down 20 while DJI even. Alot of people are coming to the realization that the US economy is slowing
naturally AND that Asia will have no growth which is like negative for them.
People are particularly bearish in tech because they are realize much of "expected"
growth was to come from that area.
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