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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Mephisto who wrote (48125)	8/1/2000 12:40:31 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 94695

I totally agree with that post. The next few years are going to be a marvalous time for innovative break throughs and wiring the world from the biggest servers all the wy down to teh locks on your doors. My only concerns are the high valuations for many of these stocks when the rapid pace of technology change makes leaders obsolete over night and new ideas make old ones obsolete at an ever increasing rate. I still recall when Seagate, WDC etc were the must own stocks. I have seen the boom bust cycles of the semis over the last 3 cycles and at the top of each one, it was always accompanied by "this time is different". Without a crystal ball, betting too high a PE or PEG on a leader is silly IMO. Chances are some kid in his garage is putting the finishing touches on some gizmo that could make everything we believe right now about the future of technology obsolete in 2 to 5 years. Why pay 200 years earnings for someone that may be a bygone. BTW, Whirlpool already makes the Fridge and microwave that are wired in to the web. Good Luck, Lee