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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Brown who wrote (46060)	9/1/2001 1:52:39 PM
From: techreports	Read Replies (2) \| Respond to of 54805

Technology is only one portion of the market. The reason it is still expensive is mostly due to the fact that earnings are probably falling faster than stock prices. It seems as though tech companies have decided to cut back on IT spending instead of firing unneeded employees. The bubble caused many companies to hire a bubble amount of employees and I have a feeling that many tech companies still have too many workers. As a CEO would you fire more workers or cut IT spending? I'm also wondering how much all that extra inventory is hurting IT spending. Bruce, when you say tech is only one portion of the market are you saying that's a good thing or a bad thing? Darn, That was the point I was trying to make.....that QCOM was so excessively valued that it had nowhere else to go but down. I pretty much came to that same conclusion in the summer of 2000 and began selling off some of my stocks. The problem was, I thought stocks like JDSU & NTAP & BRCM were good buys because they've fallen 40 or 50% (JDSU went from being a 90B dollar company to a 40B dollar company). Very expensive lesson to learn. Next time i'll diversify and not rush to buy stocks i guess. Then again, i never thought JDSU would have so many problems and at the time i thought storage was indestructible & recession proof.