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Politics : Formerly About Applied Materials

AMAT 230.92

+3.1%

Nov 24 3:59 PM EST

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To: Steve Robinett who wrote (13723)	12/21/1997 4:23:00 PM
From: davesd	Read Replies (1) of 70976

Steve, lets say the other farmer finds a machine that allows him to produce 20 spuds. This puts the other guy in a losing position....so does he dump this newly bought machine and buys a new one that yeilds him 25 potatoes....and how long does this go on for....sooner or later they both will run out of money....meanwhile with all this new productivity the profit in potatoes has crashed...supply has gotten ahead of demand while the farmers were duking it out to beat the other guy....and they have tons of debt due to the new machines. And the banks won't loan them any more money...plus the small incremetnal productivity gain from the next upgrade again won't pay for the new technology. Now they are up to 30 potatoes each....but 25 of them go to pay for the new machines...so the net is a loss. Glad I didn't get into the potato business..... dave

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