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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (31453)	7/15/1999 1:33:00 AM
From: Mitchell	Read Replies (2) \| Respond to of 70976

Ohh My friends, I'm sorry to say that I've sold AMAT today at 77. I do think this will be near the top for AMAT and TER and so many others too. I think Y2K will impact global GNP and, as a result, the financial markets. This will last for several quarters (maybe a few years). With declining GNP & depressed markets. I've reluctantly begun to liquidate my high flyers and to concentrate my holdings in what I consider to be defensive positions, ie. some oil, banking and high-tech bandwitdth/wireless infrastucture plays. I'll preserve my capital at this point and be back after the major slump, which I predict for this fall and into the winter as Y2K approaches and the panic prevails. Thought I'm sure your all too drunk with excitement at our gains to pay any attention, I'll nevertheless bid you all, my optimistic long friends, the very best of good luck........ Mitch P.S. Buy Gold !

To: Gottfried who wrote (31453)	7/15/1999 9:39:00 AM
From: Proud_Infidel	Respond to of 70976

Report: Japan PC sales to jump 25 percent By Bloomberg News Special to CNET News.com July 14, 1999, 8:55 p.m. PT TOKYO--Japan's domestic shipments of personal computers will probably jump a greater-than-expected 26 percent in 1999, the first gain in three years, according to a research report. Fueled by a surge in demand from individual users seeking access to the Internet, Japan's largest PC makers--including NEC, Fujitsu, IBM Japan, Toshiba, and Hitachi--will probably ship a record 9.983 million PCs in calendar 1999, up from 7.926 million machines in 1998, said IDC Japan. That's 14 percent higher than IDC forecast in March and the second time since January it has raised its estimate. Leading the growth will be models such as Apple's iMac and Sony's slim-line Vaio notebook, used by individuals wanting access to the Internet and email, said the research company. Consumer PC demand will leap 56 percent to 4.126 million PCs, substantially driving the market. Demand will continue to grow "as the Internet becomes an indispensable part of people's everyday lives," IDC said. Corporate sales are also growing, albeit at a slower pace, after the government in April raised the limit on the value of information technology purchases on which companies don't have to pay tax. The move raised to 1 million yen ($8,196) from 100,000 yen the threshold for technology purchases on which companies don't have to pay tax, making PCs more affordable. IDC forecasts corporate demand, which slumped in 1998 and 1997 as companies cut capital spending on technology amid Japan's worst recession in 50 years, will increase 11 percent to 5.857 million units. "The domestic economy still hasn't completely recovered, though, and the business market is still sluggish compared to the individual market," IDC said. IDC forecasts overall shipments will rise a further 11.5 percent to 11.13 million machines in calendar 2000. news.com