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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (12991)	8/14/2001 8:46:02 AM
From: Bob Frasca	Read Replies (1) \| Respond to of 17183

But, I believe if you buy the blue chips of the industry you gotta better chance. Rarely can you get these jewels at bargain prices, now is one of those times. The trick is figuring out who are the technological blue chips these days. Used to be IBM, MSFT, and INTC. EMC used to be an up-and-comer but it's staggering now as is CSCO. IBM makes me nervous, at these prices, simply because they're too freaking big. One poorly performing division can drag down the others. Of course there are some who say that it's a little like buying a mutual fund. Your downside risk is offset by the divisions that are performing well. I think MSFT and INTC might be good plays at these prices although I'm a little worried about INTC's competition.

To: JDN who wrote (12991)	8/14/2001 1:01:12 PM
From: Joseph Ziebarth	Read Replies (2) \| Respond to of 17183

I was also around for the early 70's when the DOW went below 600. Surprisingly that was a time when mutual funds with good managers did better than individuals betting on single stock picks. A good fund manager was quicker at moving away from companies that didn't gain stock value. Later, in the 80's individual stock investors did better and it was easier to find an ATARI (1200% in 4 months). Todays market is much harder to anticipate. Current storage hardware is about to become obsolete and we are betting that EMC will use the new systems as they come with the best service to the customer. But its scary because we know IBM missed out on the personal computer phase when they were the end-all-be-all of computing. I continue to buy my choice stocks but advise newbies to go for the mutual funds for the next two years.

To: JDN who wrote (12991)	8/14/2001 2:33:45 PM
From: Patrice Gigahurtz	Read Replies (1) \| Respond to of 17183

Hi JGD, I'm also a oldie but goodie and I go back to the early 70s when no one wanted IBM shares after the main frame problem or whatever it was. Your right, in the past the market always came back except do you recall how many years we had of slow to nothing market moves following the Viet Nam War ? The fear here is that the market gets stuck in low gear and doesn't show strength going forward. Everyone is trying to pick the qtr that the turn-a-round will begin (again). One thing for sure is that the goldielocks economy is long gone. So the great market from '97 through mid 2000 is one for the history books in my view. Regarding EMC: Is their debt near zero like reportedly CSCO's is ? Do you think they have been aggressive on cost control like CSCO seems to be or is EMC dragging it's feet in that area ? Gut level I don't see a tech rebound until next summer2002.