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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: Richard Habib who wrote (26045)	7/30/1999 4:28:00 PM
From: MulhollandDrive	Respond to of 93625

My thoughts exactly. Bearishness is getting very high. However, the one thing that has been on the back burner as a big concern for me has been employment costs and the tight labor market. Greenspan has been watching this for a long time, and thus far productivity gains have kept it in check. So far companies have not been able to make price increases stick, but imo,if wage inflation gets out of hand it will become necessary. If companies continue be in this mode, eventually we'll earnings could suffer. This market is priced for perfection, so I worry. bp