Hi Sonny. I was in the middle of typing a behind the scenes message to Ann, when I thought I'd ask you, and all, the same question I posed to her:
...on a day when my next-door- office-wise-neighbor-friend (Steve) and I know we'll be working that much longer before retirement. The market does suck today. I don't know why the high techs have to get slammed like the financials. Where do we have any equivalent of hedge funds or Merrill's making horrible overseas investments? Techs seem to take gas along with the financials whether they are deserved or not. I have to ask Sonny this one..
Well, here I am back in real time, asking why the techs took it bad today? I saw that Cisco was accused by someone, unnamed, of conspiring, or entering into collusion, to try to grab all the networking business in the world along with Lucent and Northern Telecom. They've denied it and I certainly hope they're innocent. HP also downgraded by GS, but hanging in there. Intel gets hammered and the only thing I can find is a rehash of the Merced delay announced several months ago. But, the article finishes this way:
Intel's strong suit is its resources, which will keep it surging ahead as its competitors grow tired. And
that is why people like venture capitalist Andrew Rappaport, a partner with August Capital, who has
stakes in UNIX-based systems developers Be Inc. and Sun, believe Intel is unshakeable. "There aren't
a whole lot of credible alternatives to the Merced," Rappaport said. "Windows NT is running quite
nicely now on Pentium boxes and multiple Pentium boxes. Intel gets to build a microprocessor that
will be in a huge percentage of boxes regardless of competition."
CPQ, SUNW, way down, and on and on. I wish I had some money right now.
Tony |
