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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Charles Tutt who wrote (41700)	2/28/2001 11:53:46 PM
From: cfimx	Read Replies (1) \| Respond to of 64865

will rates two points lower clear the .bomb inventory ct? <G>

To: Charles Tutt who wrote (41700)	3/1/2001 9:18:40 AM
From: michael97123	Read Replies (1) \| Respond to of 64865

Charles, At this point many borrowing decisions are on hold until the fed meeting and lower rates. He needs to act decisively(3/4% minimum) then so the borrowing can begin. Timing is good as new quarter begins April 1 so a pickup in spending in Q2 may yet happen. Things really arent as bad out there as this tech wreck implies. This inventory correction was more severe that originally thought. If tax cut actually passes in a couple of weeks and withholding is lowered that will also provide an April boost at retail. With tech stocks like sunw 2/3 to 3/4 off their highs, downside looks minimal here. Gravity toward 2K and below looks like our immediate hurdle. Defy gravity in a relief rally that lasts until a fed cut on 3/21 while the inventory glut ends provides a potential point for a technical bounce to become something more in April. MIke