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To: sea_biscuit who wrote (23795)	4/4/2001 6:27:42 PM
From: uu	Respond to of 25814

Hi Dipy: > The techs are so oversold now that one cannot rule out a 50% rally from these levels... I will not bet on this (not yet anyway). Things have really gotten bad in the tech sector, and it has been sudden (i.e. sort of like driving 100/mph and all of a sudden your car just stops without any meaningful prior indication and/or notice)! You know my feelings toward analysts, but this morning I read something from Merril Lynch which kind of made sense and confirmed with my own research as well as what I am hearing from a few friends in companies such as Cisco, and Lucent. Merril Lynch's report is negative on Cisco and states that Cisco will be experiencing a 10-20% decline in its revenue for the next several quarters. This sounds about right from what I am seeing personally in the line of work I am in, as well as from what I hear from within Cisco and Lucent. So what we may still see now and consider to be bargains may become even much cheaper in the next few weeks (and who knows months). In all years of my investing I have never seen so much deteriotion of businesses as I have seen within the past 3-4 months. This is not to say that things can not change in a blink of an eye, but for now at least things do not look very promising. It took 15 minutes to destory the ancient Persepolis of Persia, while it took 200 years to build it! It is funny how easy it is to destory something than to build/re-build it. But this shall pass too, and I am sure in 12-18 months from now we look at these days and wished we (or at least I) had the cash to buy these equities being sold so cheaply today (based on their price 12-18 months from now)! Regards,