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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (49002)	7/10/2001 12:56:31 PM
From: Ian@SI	Respond to of 70976

Last week NAPM(services) showed expansion. I believe the reading was 52.3. This is favourable. Consumer credit was under 7B with more than 10B being the expected reading. I'm not sure whether to regard this as a more healthy consumer behaviour, or as the start of a retrenchment which could truly impact the eonomy, or just a single data point anomaly which will get revised when the next report comes out. The Major Technology recession has been a healthy driver of Technology's expanding role in the economy. As capacity gluts appear, more pricing pressure forces more innovation which leads to more use of that technology. As painful as the current period is, life goes on. ... for most companies.