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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Andre Williamson who wrote (18721)	1/29/2001 4:51:15 AM
From: limtex	Respond to of 60323

AW - Unemployment - How do we know the exact numbers of people in the workforce? Why could we not encourage more people to re-enter the workforce by coming out of retirement with no detriment to their retirement psition before destroying growth? Wouldn't that have at least been worth trying? Lastly on this subject the low number of unemployment can't be considered in isolation, should we also consider the total number of people actually in work, the level of productivity gains and the unusual circumstances of the recent technology expansion that is unprecendented in history. Global issues - Well I may not be the orcale on this issue I fully admit that so why not consider what John Chambers has been saying in Davos. BTW he wasn't the only one. Zero Growth environment - Looking at the Qtr just past and exptrapolating a bit I would have thought that SNDK did need a growth envirnoment to prosper. Are we to believe what Eli said about Q1 and Q2? I say that becuase he didn't seem to have anticipated the collapse in sales only a few weeks ago so why now do you believe that he can forecast a few months ahead? Secondly SNDK is will have plants with quite large production coming on stream in a few months time. That much about the future we do know. Who is going to buy all this spare capacity? Thirdly SNDK is a great company but that is not the same as beiing a highly profitable one. Here the licensing and royalty income need to be considered. How profitable is SNDK if Licensing and Royalty receipts declined or worse reduced imaterial amount? As regards AGs actions, do you accept that he targetted the Naz? As for IPOs my understanding is that they have been severely constrained. Dot coms have not been everything. They got the most publicity but Biotechs were also a big beneficiary and although they didn't get anywhere near the publicity they do produce the beneifts I suggested. Now some of them won't have got their funding and their benefits will be delayed or worse so people will eventually suffer by not receving the treatment they need. I believe Mr G used a blunt weapon that was unnecessary and used for entirely the wrong reason. In my view he has destroyed a benign economic growth period and it may be very difficult to get it back on track. True some companies will continue to prosper but the environment is enitrely different will just not be capable of sustaining the prosperity of the mid-late 90s. Zeev foresees a nasty crunch in February and there have been some press articles over the weekend questioning whether a reduction in interest rates or a cut in tax rates can get the economy back on track. Destroying is always easier than building. Best regards, L