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Technology Stocks : Intel Corporation (INTC)

INTC 34.50

+2.6%

Nov 21 9:30 AM EST

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To: John F. Dowd who wrote (66182)	10/10/1998 1:46:00 PM
From: Barry Grossman	Read Replies (2) of 186894

John, You beat me to the punch with your response. The link Jules posted to the news in Australia was interesting. They appear more shook up than we are here. It is fascinating to me that one now has access to all these viewpoints thru the net. Lately - for every job lost in manufacturing ala Pratt & Whitney's announcement of yesterday, I'd guess that more than one infotech job is created if only because the web now exists and previously didn't. This is a great example of a technological change completely changing the composition of overall employment. I think some perspective is in order in the world view. I don't want to sound like an old fogey, but having watched the world scene closely for half a century now, I can tell you that from my perspective the entire nonsense of the last year is completely overblown and that in the long run, try the next ten to twenty years or so (and longer), this will be but a small blip in a long extended bull market. Technological advances and population demographics will make it so. Politics and economics will follow. Barry

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