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To: GraceZ who wrote (855)	1/20/2001 8:42:50 PM
From: GraceZ	Respond to of 24758

This energy situation in California is going to take down the whole country before it runs it's course. nytimes.com As for the effects beyond the state's border, market watchers say companies far from California are already paying extra for the overnight borrowings that finance their day-to-day operations, as lenders and investors grow anxious about any company that shows signs of weakness. Neal Soss, chief economist for Credit Suisse First Boston, said a severe crisis here, with sporadic power interruptions for 90 days or more, would shave about one-half of one percentage point from the nation's gross domestic product. In that case, he said, the Federal Reserve Board might have to consider easing interest rates to keep the situation from growing more grave. An immediate resolution to the state's problems is not apparent. Today, Standard & Poor's, the credit rating agency, placed the State of California's debt on "credit watch," warning that Sacramento does not have adequate funding — barring rate increases — to buy enough power to avoid blackouts.

To: GraceZ who wrote (855)	1/21/2001 4:03:49 AM
From: Bilow	Read Replies (1) \| Respond to of 24758

Hi Grace A. Zaccardi; Re "Along this line, what happened to the market for laser printers as they dropped from being $12,000 devices that only companies could afford to under $300 devices that anyone could afford?" I was never involved much with the laser printer industry, so I don't know who it was that was making the $12,000 machines. But if they didn't get into the $300 business, you can guess that their business largely went bye bye. Routers and switches are different because it is somewhat harder to imagine a use for them where you could sell them in truly huge quantity. That is, one for a substantial fraction of every PC sold, as laser printers are sold. -- Carl