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To: Kirk © who wrote (9196)10/10/1999 11:44:00 AM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 15132
 
Kirk: Re: ". They could recover and drive the DOW much higher (HWP, IBM & T) but they may not have bottomed either.

The IBM decline is troublesome for the tech sector IMO. All I can think about is 1987 when I see IBM's decline. IBM lead the tech sector down then. T shows steady institutional money outflow.

Re: "OTH, I DO like the article in Forbes that suggested the market knows that Y2K will be a nonissue and might start pricing in next years good numbers soon and go on a tear."

Like I have said before, I see the market in a trading range until the Federal Reserve is done. IMO, markets will not go on a tear with Greenspan playing. Market history would seem to support this view.



To: Kirk © who wrote (9196)10/11/1999 11:37:00 AM
From: Wally Mastroly  Read Replies (1) | Respond to of 15132
 
Kirk, Has 'Moore's Law, been repealed? What do you think?

dailynews.yahoo.com

Re:

>For more than 30 years, the computer industry has relied on a phenomenon known as Moore's Law, named after Intel co-founder Gordon Moore, which was the basic force underlying the computer revolution and the rise of the Internet, the Times said.

The law held that as transistors were scaled ever smaller -- doubling in capacity about every 18 months -- computer performance rose and the cost of computer technology dropped. It had been assumed that the progress would hold for at least another decade.<

Wally M.