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To: Scumbria who wrote (128825)	3/2/2001 12:17:14 PM
From: GVTucker	Read Replies (1) \| Respond to of 186894

Scumbria, RE: The Fed had absolutely no business tinkering with this marvelous new industry. Until last summer, it was one of the great success stories of unbridled capitalism. If the Fed interest rate of 2000 rises stopped the industry, then why didn't the far more severe Fed interest rate rises of 1994 have an effect? The problem lies more within the industry than without. True to the current state of affairs in the US and California, though, it is easier to blame someone else.

To: Scumbria who wrote (128825)	3/2/2001 12:47:02 PM
From: Tony Viola	Read Replies (2) \| Respond to of 186894

Scumbria, great post: The rise of the Internet was fueling incredible growth in the tech sector. The demand for electronics to support communications, networking, data processing was real, and driven by real needs of people all over the world. The Fed had absolutely no business tinkering with this marvelous new industry. Until last summer, it was one of the great success stories of unbridled capitalism. If the US is unwilling to support the rise of communications, I'm quite certain that the EU will be happy to take over our role as world leaders. You made another point I was thinking of, thanks. We all saw what happened in the 80s when a lot of US companies, including Intel, went to sleep. The problem then was quality (also in autos) which the Japanese jumped all over. This time, US companies didn't go to sleep, but Gspan pulled the rug out from under them. Same thing could result though, as the Siemens, Alcatels, Infineons, Hitachis, Fujitsus, etc. of the world would love to start eating our lunch as we are weakened with declining business and layoffs. Left the door wide open, Gspan did. Tony