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To: Yaacov who wrote (128284)	2/25/2001 1:16:32 PM
From: Souze	Read Replies (1) \| Respond to of 186894

Is AG meeting with the congress on Monday? Greenspan's U.S. House of Representatives testimony is scheduled for Wednesday

To: Yaacov who wrote (128284)	2/25/2001 2:49:30 PM
From: Ibexx	Read Replies (2) \| Respond to of 186894

Yaacov, Thank you for your very thoughtful reply. Regarding your questions about tax and rate cuts, my personal thoughts are as follows: !. Congress will agree to a compromised package (or major pieces of this package) of tax cut by July, 2001, retroactive to January 1. Chances are that they may have to swallo the gigantic deal in "bite" sizes. 2. I think chances are 50:50 that we shall have an intermeeting rate cut (before March 20's FOMC meeting) of 0.5%. Common sense would have me rule out an 0.25% intermeeting cut as it would serve no purpose in an emergency situation. If there is no cut in the next 2 weeks - God forbid! - then I think Fed will most likely cut its fund rate on March 20 for at least 0.5%. This year, I think, at least for the next 2 quarters, many multinational high tech companies such as INTC, CSCO and IBM etc will rely upon Europe's economic strength to lessen their short-term woes. The current US recession or near recession is largely a self-inflicted wound - whether Mr. Greenspan admits it or not. Regards, Ibexx

To: Yaacov who wrote (128284)	2/27/2001 9:56:52 AM
From: Amy J	Read Replies (1) \| Respond to of 186894

Hi Yaacov and Ibexx, From the AMD thread: Message 15400165 To:Duncan Baird who started this subject From: tejek Friday, Feb 23, 2001 11:41 AM Respond to of 133658 Intel Says Telecom Industry Facing 'Bankruptcy' Heavy Spending on Unproven Technologies Could Be Downfall By Paul de Bendern Reuters CANNES, France (Feb. 23) - Intel Corp., the world's largest computer chip maker, on Friday said the telecoms industry was heading for financial woes because of its heavy spending on yet unproven next generation wireless technologies. ''We're facing a situation of where an industry is heading for bankruptcy...before even a 3G (third-generation mobile phone) call is made,'' Intel Vice-President and General Manager Hans Geyer told delegates at the GSM World Congress. Intel is quickly becoming one of the key suppliers of semiconductors to the wireless telecom industry, selling processors and memory chips. Mobile telecom operators including Vodafone, France Telecom , Deutsche Telekom and Telefonica last year sank over $100 billion into new radio spectrum licenses, also known as 3G licenses. Geyer said they were likely to spend a similar amount to buy networks to run these new systems which are expected to deliver fast Internet services to mobile phones. Geyer, attending the world's largest annual mobile phone trade show in Cannes, said the industry should work on finding and building services and applications that consumers would want and would buy. Sales growth of mobile phones is leveling off to 20-25 percent annually from 50-60 percent levels in the last several years, which means operators can no longer grow their way out of unprofitable business plans. Geyer said the telecoms industry should learn from the personal computer market and warned operators and wireless companies from trying to find a single so-called ''killer application,'' one which alone would justify the technology. ''The PC industry has not seen one 'killer application','' said Geyer, who made the comments during a panel discussion which included executives from Psion, Siemens, Microsoft, and Handspring. The discussion came after Japan's Sony Corp. and Psion presented their visions of the wireless future. ''We shouldn't worry about whether Sony's (or other companies) vision is the right one,'' Geyer said. ''It doesn't matter which vision is the right one... users will decide what they want. I can't predict what they will want.'' ''The focus should...be on the current technologies and what can be done with them,'' said Joe Sipher, vice-president of product marketing at handheld device maker Handspring. ''I'm worried that the focus is too much on future technologies and what they will be able to do,'' he said.