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

To: Robert O who wrote (49131)	7/12/2001 5:45:39 PM
From: Fred Levine	Read Replies (1) \| Respond to of 70976

As a VLT investor who looks at ST with skepticism because of being too influenced by random events, as well as some predictable ones, like oversupplies, I see little reason for bearishness. Questions-- Will there be more digital innovations? Clearly there will be. The PC seems to be ahead of its time and other innovations are a certainty. They will need chips. We have, IMO, just begun to see the implications of the digital revolution which, up to now, has basically has been PC driven. Will the population increase? Obviously, and they will need to live somewhere. I am heavily into real estate. In fact, I have a 4 br, 3 bath apartment with a great view of Manhattan skyline on the market for rent or sale for those interested. It was bought with AMAT shares as security. In addition to needing to live somewhere, as more wealth is generated, people will demand more space and amenities.I also see a great deal of foreign money being poured into NY because of the strong dollar and stable government. It also seems clear that the world economy is increasingly global, and that means that more wealth will created by both demand and economic osmosis. Again this leads to a multiplier effect. Do we need wires to connect to each other? Again, an obvious answer, but one with implications. Altho there is current oversupply, I am happy to sit with both my TI and Motorola investments. In addition, much more than my generation, my kids' generation is much less tech-phobic. Being more comfortable with with their Palms and MP3 and TIVO. As they accumulate more wealth, they'll spend more of it on tech than my friends and I will. I get frustrated by downloading my digital camera and my son looks at me like I'm illiterate. His theory of senior conservatism is that we learn more slowly and therefore cling to old ways. Some of my brightest friends have resisted even getting a computer until their children bought one for them. That portends to much more tech, IMO. Soon we'll see the dawn of HDTV. More will come, but not tomorrow. fred