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Technology Stocks : Texas Instruments - Good buy now or should we wait? -- Ignore unavailable to you. Want to Upgrade?

To: John Chen who wrote (5500)	2/25/2001 3:46:55 PM
From: Maher Sid-Ahmed	Read Replies (1) \| Respond to of 6180

In 1970 price of stocks fell 35%. This was the highest drop in 30 years. The DJIA hit a low of 632 and in 1971 climbed to a high of 951. Today the NASDAQ has dropped ~60% from its high which it reached around April 2000. Everybody thinks the sky is falling. Lay-offs in the technology world is becoming common. LU is laying-off more than 30,000, Nortel 10,000, WCOM, MOT, etc. are all laying off employees, when in less than a year ago they were all complaining of manpower shortage. It seems these companies are doing everything they can to increase share-holder value, but I doubt that they will shoot themselves in the foot by getting rid of their true innovative and productive members of their work force. CPI is up in a down market. These are similar to the conditions that existed in 1970. A year later everything was fine and the market was up 50% from its low. I think we are seeing a repeat of 1970-1971. With the lowering of interest rates and an ever expanding world market I doubt that a long recession is in the works.