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To: Geoff Nunn who wrote (154417)	2/29/2000 8:31:00 AM
From: Dorine Essey	Respond to of 176387

DJ Hot Stocks To Watch: K DELL UNS -------------------------------------------------------------------------------- 29 Feb 7:46 Company Company News Kellogg Co. Named official cereal supplier of the Mon close 23 3/16 2002 Olympic and Paralympic Winter Games Up 2 3/16, 10.4% (full story under K). 2.2M Shares (K) - - Dell Computers Hired Wal-Mart Stores Inc. (WMT) Chief Mon close 41 Information Officer Randy Mott as Dn 1/4, .6% information chief (full story under 28.5M Shares DELL).

To: Geoff Nunn who wrote (154417)	2/29/2000 8:43:00 AM
From: rudedog	Read Replies (1) \| Respond to of 176387

Geoff - As a former California resident I can assure you that all of the economic issues you highlight are exactly true. CA has a state income tax which hits at 11% in upper income brackets, cap gains, high property taxes, annual property tax on things like cars (I paid over $1000 EACH to register my cars in CA), high gas prices (currently about 40% higher than TX)... housing prices in Silicon Valley are roughly 4 times Houston prices per square foot, which means a 2-income professional couple is lucky to be able to afford a "starter home". Salaries are a bit higher but no where near enough to make up for the differences in cost of living. But that does not seem to be the issue for hot technical talent - the career opportunity is more compelling. Tech talent in the valley has a wealth of career choice EVERY DAY - hot startups, senior positions at major companies, "roll your own"... and all without taking your kids out of school or changing your commute. People already in the life in CA have accepted the constraints in exchange for the lifestyle - it really IS nice to live in an area with a nearly perfect climate, an hour from the ocean, 2 hours from the mountains, a short hop from some of the most spectacular scenery in the world. Hop up to Napa or Sonoma and come back with a case of wine that rivals the best in the world. There are large communities of people doing almost any weird thing you might want to do. You can change your work environment and lifestyle as often as you wish, and no one holds it against you. As you say, if the "Silicon Valley Lottery" of IPOs and ever-rising options slows down, it may change the picture, but at the moment the draw is putting a lot of pressure on the Texas tech community.

To: Geoff Nunn who wrote (154417)	2/29/2000 9:43:00 AM
From: TigerPaw	Respond to of 176387

Austin would be an easy sell It was, now it is 4 times larger than it was 10 years ago with a major impact on housing cost, traffic, and polution. It's still a nice place and still growing, but I have participated in interviews where the candidate declined because the cost of living versus the average wage meant they would have a decline in lifestyle. The number one complaint I hear from prospective Austinites is that there are no mountains nearby (closest one is about 600 miles away, closest beach is 250 miles). It takes more than a weekend visit to become familiar with the alternate charms and activities that are available. The real growth industry is software and web based companies. TP