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Technology Stocks : Dell Technologies Inc.

DELL 133.20

+5.7%

Nov 26 3:59 PM EST

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To: Chuzzlewit who wrote (66649)	9/22/1998 2:59:00 PM
From: TigerPaw	of 176387

The historical average is ... I do think there is some truth to the new paridigm idea about the current economy. I've been aware of the economy since the late 1960's which is not that long a time frame. Throughout that time the economy has been based on government borrowing and spending until the last five years or so. Now it seems to be based on full employment in the private sector. To top it off we are still in the midst of the electronic revolution, as big an event as the age of steam. It won't last forever but there is no indication that the synergy of ideas leading to new industries and opportunities has reached it's peak, much less its end. The last great boom I saw in Austin consisted of buying and selling the same piece of land over and over for higher prices. This was coupled with new strip malls and ever more expensive housing which was not any better built. The house of cards just got higher until finally there was no one left to buy, and the current owners didn't really want to do anything with the land except sell it again. It's no suprize that it all just got dumped onto the banking system. In the current boom there is widespread activity which is building up an electronic infrastructure that people actually seem to want and use. There is the same kind of retail and service industry as before but now there is something tangible upon which to base it. The economy should remain sound until the infrastructure is complete and then may well coast along for awhile even if there are no new ideas. TP

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