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Technology Stocks : IBM -- Ignore unavailable to you. Want to Upgrade?

To: Dr Smith who wrote (5321)	6/25/1999 10:43:00 PM
From: WebDrone	Read Replies (3) \| Respond to of 8218

Professer Smith, what is your point? I used to be an engineer, and I saw many good people (like, 3,000) on the street for reasons of Corporate Stupidity and Just Plain Bad Planning. (GE, for inquiring minds.) I've been layed off because our entire engineering department was replaced overseas. (Different company. Stock price is now $.07 Hah. Serves 'em right.) Now IBM says they are moving disk drive jobs (1100 of them) to where the cheap labor lives. They said they are not laying 1100 workers off. Some will be retrained. Good tech help is in short supply. I retrained myself. That's job security in the new millenium. Now I teach. And I invest my savings. <Understand, I am not blaming IBM for the trend, it is here with all the other items of the "new economy" or should I say "paradyme"..> You should say "paradigm" The responsibilities of the intellectual class are heavy, Dr. Smith. (If you were a physician, I would let it pass.) Your Spellin' Buddy WebDrone

To: Dr Smith who wrote (5321)	6/26/1999 10:00:00 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 8218

DS, If you have a problem with corporate entities downsizing to efficiently allocate capital, perhaps you should not be in equities at all. The trend has always been there, but with the globalization occurring over the past twenty years it is simply more pronounced at the moment. The goal of comapnies is to make money for the shareholders- pure and simple. If you come up with a plan whereby companies can grow their earnings without any layoffs, please share it here first. Regards, BK