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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Saulamanca who wrote (69095)	2/13/2001 3:04:59 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

as the wedge turns on SI -lol- siliconinvestor.com when jim bryan pointed out that wedge from my post to luc, i admit, i cried uncle -g-

To: Saulamanca who wrote (69095)	2/13/2001 3:06:11 PM
From: Doug	Respond to of 99985

Jim: There is no recession in the old economy market. The new highs/low of the NYA is sufficient proof. There is a recession in profit in the high Tech sector just as there was a revenue recession in the dot.com sector. No amount of interest rate cuts could get the dot.com revenue up. Similarly interest rate cuts cannot create profits for the high Tech Companies as the demand for the product is fixed and there is just too much capacity and Inventory in the pipe line. Under normal circumstances, the weak Companies would beg to merge with stronger ones. This already happening in the Telecom service sector. However , the interest rate cuts are a now a life line to those sinking ships.This is merely a delaying tactic because interest rate cuts are short term . There is an absolute need for Comapanies in the TECH sector to merge, downsize and be more productitive. The interest rate cuts only move the problem downstream and are an aggravation.