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To: Giordano Bruno who wrote (93185)	4/11/2001 8:22:20 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

current shareholders be damned...

To: Giordano Bruno who wrote (93185)	4/12/2001 3:53:03 PM
From: Andrew G.	Read Replies (1) \| Respond to of 436258

Even an oil guy thinks we've got more downside ahead. I'm with him. But Mufus/Institutions want more tech-wrecks. SI: StockTalk: : High Tolerance Plasticity 1 Replies to Post 15655338 To:Quehubo007 who wrote (3272) From: jim_p Thursday, Apr 12, 2001 2:50 PM View Replies (1) \| Respond to of 3283 Que, Yes it has. Over the last few weeks, I've seen to many comparisons to what took place in the patch between 1980-1990. It was very very painful, and resulted from the excess capacities which took place during the oil mania. Not much difference to what took place in the techs. While I agree the correction will not take 10 years, I believe the severity will be very comparable. If that is the case, we have a long way to go. When you start to here about companies like MOT with 1.5 billion in vendor financing to one customer in an under developed country, and some of the smaller chip companies with ZERO (as in NADA) orders last quarter, it become pretty obvious to me that we are not even in the 3rd inning yet. Not only was the past growth driven by one time events which will never occur again, it was also driven by high margin sales that were booked with vendor financing. I suspect a lot of them will never be collected, and will need to be written off at some point in time. I don't expect the bad debt issues to even surface until Feb-March of 2002 during the audit process. My original plan was to ride it out and cover the losses with trading on the way down. I now believe we will revisit the bottom several more times as the tech wreck continues to unwind over the next several years.