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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: PCSS who wrote (82774)	6/18/2000 2:44:00 PM
From: Captain Jack	Respond to of 97611

Michael-- there are hundreds of companies like WAVX. Look at the dying DOTcom sector. Dr Koop has turned to Poop and many are worse. It is not only new companies or bad products. NOVL has some of the best technology (mgmt is another subject) and they went from the 40s to 9. The only differences are some will survive in one form or another while others just vanish..... Anyone that gets emotionally attached to any company is setting themselves up for disaster. A friend of mine thought AMTD was going to go to 100. Married it in the 30s and 40s. Now it is 12 and still looks weak to me. Margin can kill an account even on big companies. There were probably hundreds holding the porker from the 30s and higher on margin when it went to 19. They could have locked in substancial losses on margin calls. One must watch every issue in the portfolio and even then are not completely isolated from disaster. Another reason not to have a huge % of the portfolio into a single issue. IMO there are many that believed the mkts would never correct and jumped on the tech ride only to meet a drop that has done damage to their wealth. Not everything that comes down will go up,, at least not to a historical high.

To: PCSS who wrote (82774)	6/18/2000 2:47:00 PM
From: Captain Jack	Respond to of 97611

Michael -- NOW is the time for MC to be in London! This sounds like an easy sale. LONDON, June 18 (UPI) -- Thousands of travelers remained stranded at British airports Sunday as air traffic controllers struggled to clear the backlog of flights delayed by the breakdown of a main computer. Officials said they fixed the computer system handling air traffic but warned that most flights would continue to be delayed by several hours until the congestion eased. The problem began Saturday, when the main national air traffic services computer, which deals with all aircraft entering Britain, crashed, officials said. Britain's two largest airports, Heathrow and Gatwick, were the worst hit by the breakdown. T he computer was fixed later Saturday, according to officials, but the backlog built up during the breakdown-delayed flights all over the country. Many of the stranded passengers spent Saturday night in airport lounges. An official investigation now under way will seek to establish the cause of the crash, the second in a week. The computer breakdown meant that flight course information, normally passed electronically, had to be retrieved by slower, manual methods. Officials sought to calm passengers and assure the media that air safety was not compromised by the breakdown. But industry sources said airlines suffered huge losses, and budget operator easyJet canceled all its flights on Saturday. Critics also took the authorities to task for not having an effective back-up system in place. The National Air Traffic Control System is at the center of controversy over plans by the ruling Labor Party to put it up for privatization. Critics have said the sell-off of nearly half of the NATS will compromise safety.