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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (53064)	12/8/1999 8:16:00 AM
From: Jim Willie CB	Respond to of 152472

<naz getting to far ahead of itself> that is your opinion... the marketplace might have a better one we like to believe we are wiser and not subject to error but I believe the market is 99% of the time smarter than me if a Y2K stock market millenium party is being offered, and NazComp is in the principal spotlight, are you gonna stand outside and poopoo? the Y2K phenomenon is many things wrapped together... the biggest component in my mind is the absolutely astonishing huge monstrous investment in new information technology equipment... estimates range from $800B to $1100B in purchased hardware and software... vast acrage of old legacy inefficient systems have been replaced, or are about to be replaced... new inventory, ordering, supply chain, administrative computer systems have come online... the resulting gains in productivity efficiency is gonna blow you away next year... I personally expect to read about 6-10% productivity gains next year, not the paltry 2-3% we are accustomed to seeing... AND TECHNOLOGY IS AT THE EPICENTER OF IT ALL... why do you think technology stocks are setting the pace for the current market rally? remember, the stock market is a forward looking discount mechanism... it senses the huge productivity improvements over the horizon... I have several times mentioned this, not once receiving comment from anyone... people on this board have a tremendous proclivity to seeing only what lies within six inches of their noses!!! GREGG, YOU NEVER TALK ABOUT IT WHEN CITING "AHEAD OF ITSELF" THE MARKET SMELLS IT AND IS PRICING IT NOW I plan to enter the party, benefit from the merriment, and protect my portfolio after the best is over, but before the hangover has begun in Feb-March timeframe and the bucket full of Looosiana crawfish? / Jim / Jim