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To: Art Bechhoefer who wrote (16927)	12/3/2000 6:08:37 AM
From: Craig Freeman	Read Replies (3) \| Respond to of 60323

<OT> <or is it?> I read every word of the U.S. Supreme Court transcript and have learned something new. It seems, that Article II of the U.S. Constitution denies individuals the right to vote for the U.S. Presidency. Rather, it assures that the States have the right to do whatever they choose when it comes time to send "electors" to the Electoral College. In short, WE elect our State Congressman and Senators and then THEY have the power to vote for the President. Our individual votes for President aren't guaranteed to mean a thing! IMHO, Anyone would have thought that you could stop a kid in the street and ask him whether his daddy's vote for President counts -- and he would say "Yes!". But that's not true. His daddy's vote is measured by the rules within the State in which he resides. Per an earlier U.S. Supreme Court ruling, individuals have no right to vote for the President unless the State in which they reside chooses to grant it to them. By this ruling, I suppose that the State Legistlature could choose to say "we have decided not to count votes for the U.S. President this year and instead shall use a dartboard to decide which electors we shall send to Washington D.C". I don't know what the U.S. Supreme Court will say when it rules in the next few days. But somehow I feel poorer for knowing that my power to vote for the President in not "one vote among many" but rather "whatever the State wants it to be". If Bush wins, he will probably say that everything played out fairly. I hope that the Seminole Indian absentee ballots are tossed out. Because then Gore will win and then HE will be stuck with the job of explaining to me why my Presidential vote wasn't worth a damn no matter who I happened to choose. Because ... when someone ... anyone ... can do that ... perhaps the markets will become ordinarly once again. Craig PS If it was up to me, I would change the "Electoral College" so that the states had the same number of EC votes but that they didn't need to send real humans to Congress. Rather, it would be a "Federal" election (governed by Federal Law) ... with the electors being decided by dividing the total of all votes within any one state by their EC votes. Instead of "all-or-nothing", we would then have something close to a popular vote, except that "getting the vote out bigtime" in Vermont wouldn't mess up the totals. This would GREATLY reduce the chances of the current nonsense repeating itself again.

To: Art Bechhoefer who wrote (16927)	12/3/2000 3:36:39 PM
From: tfrugal	Respond to of 60323

Art, I think your projections are in line with what I think will happen, and if anything, conservative. I try to look long term (around 5 years). I think that a "bubble" has an under-valuation that follows the over-valuation. Instead of bubble, I believe a "heart beat" waveform is more accurate. We are most of the way through the down stroke, if not at the bottom. We should have a nice run up to a valuation similar to your calculations. SNDK seems to have a strong position in CF, and thus the digital camera memory market. Less clear to me is their position in SD, and MP3. Sony is another concern, the "buzz" around the "soccer mom" set is that Sony is THE brand to have. Mavica is chic. What time I have spent in the electronic stores seems to show that memory sticks are selling out faster than CF, but anything denser(?) than 32mb is hard to find. The CF "pie" is expanding, so it will be a while until the producers really get serious about competing for market share. New products using CF are the bellweather I'm watching....