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Technology Stocks : American Power Conversion

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To: Phillip Crone who wrote (1924)	1/9/1998 8:11:00 AM
From: w0z	Read Replies (1) of 2574

Phillip, I couldn't agree with you more about deflation being a way of life in the technology area. With the cost of computing power going down by 30% per year, the entire industry has done just fine in a "deflationary" environment for the past 30+ years. I am continually amazed when the market numbskulls knock down stocks temporarily because a CPQ or HWP reduces prices on PC's. The key to success in a deflationary environment is productivity, and guess what creates productivity...technology! BTW, I thought Clinton's ding dong was bent rather than marked! If it's bent, maybe it's also long enough to reach another part of his posterior anatomy.

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