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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (49566)	3/21/2001 4:22:44 PM
From: Far Side	Respond to of 57584

By the way Rande, Have you thought posting a celebratory message (even during these black days) when the HOME thread hits the 50,000 post milestone ? Us closet bulls could use some inspiration. Far Side

To: Rande Is who wrote (49566)	3/21/2001 4:23:11 PM
From: duke-nukem	Read Replies (1) \| Respond to of 57584

If anyone truly believes that technology is dead, then there are probably a few Amish communities missing some people. And this is not to make fun of the Amish. All you have to do is look around at the things you see and do every day to realize that technology is a fully integrated and essential part of your life. The one idiotic notion that deservedly got squashed was that we were in a new business paradigm where it was no longer necessary to ever make a profit( I actually saw people saying thinks like that the last couple of years).

To: Rande Is who wrote (49566)	3/21/2001 5:02:30 PM
From: The Flying Crane	Read Replies (1) \| Respond to of 57584

Let me see if I can explain it again... My whole point of discussion was based on what happened now. You claimed it was the inexperienced CEOs who created this self-fulfilling recession, I said it was because many companies under the new economy banner did not work out well. Many dot.coms were going under. >>"I believe that fibre optics is better than POTS. Is it unproven because there is more POTS out there than Fibre? Yes, it fuels our imagination. Yes, it drives the Nasdaq. But you speak as though the technology is invalid, just because the stock market is in a chokehold."<< I think you took me out of context here. Of course, fiber optical is here to stay; but the strong demand of fiber-optical is taking a hit due to many of the dot.com going under. IMHO, it was the proliferation of the dot.com companies the last several years that drove the demand for fiber-optical and all other internet infrastructure products. This strong demand also fueled the Nasdaq rally. But with this strong demand going down, internet-infrastructural companies aren't generating the kind of revenues to maintain strong growth. Thus, any over-expansion and over-staffing have to be reduced. Thereby, causing layoff, reduced orders, and curtailed expansion. The stock market is in a chokehold not because the technology is invalid; but rather because the strong growth is not there anymore for now. >>"Tell that to Steve Case and America Online, who recently closed the most impressive merger deal since the days of Morgan and Getty."<< While impressive as it is, I see this as a matter of survival as well. What are you going to tell all the other dot.coms that couldn't make decent money to maintain an on-going business status? >>"Money couldn't be made in the new economy. If you truly believe that, then we have nothing to discuss here and you are on the wrong thread. In fact, this whole community is about tech stocks. Perhaps you would do better on Motley Fool. Some there believe like you. . . that technology is phony. . . the internet is a fad. . . and anyone who thinks otherwise is a FOOL."<< Again, you took me out of context. I am only trying to explain the reason why so many dot.coms were going under; it is because they couldn't make any money! Btw, my understanding of the new economy is that it is internet-based. I am not including other brick and motor high-techs here. So far, the only proof we see is that many surviving dot.coms are still struggling, and many more with negative P/E. I believe you are putting a lot of words in my mouth. Technology is not phony, in fact, our live is surrounded by technology. But technology companies also have to go thru over-expansion and business cycles like all businesses have to do. You seem to believe that as long as it is technology, it is immune to business cycle. That any downturn is due to "inexperienced" CEOs or manipulations. This thread covers technology stocks, yes, I'm aware of that. But it should be an open discussion of good and bad. Your referring me to as an anti-techie is uncalled for. <g> But then, the problem with any discussion board is that it is full of misunderstanding! Best Regard.