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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (10177)	2/7/2002 11:46:18 AM
From: willcousa	Read Replies (1) \| Respond to of 10921

OT - I totally disagree that globalization is a one-way street. It is instead the promise of a two-way street. It may take a lot of time but improvement will come. There is no other force extant in the world which offers this promise.

To: Proud_Infidel who wrote (10177)	2/7/2002 12:12:41 PM
From: Robert Douglas	Read Replies (1) \| Respond to of 10921

Fully one-half of the world's population lives on less the equivalent of $2 a day. Keeping up with the latest and greatest computer is not a priority for the majority of the world's people, nor will it be anytime soon; their priority is simply making it from one day to the next alive. I don't think that's a fair analysis. Nobody expects those living in 3rd world poverty to become PC owners in the next 20 years. They don't need to. It's the middle classes of emerging countries that will be buying the PCs. And some of those middle classes are very large in number. It used to be that developing economies followed a very predictable and long path as wealth was accumulated. But today that growth is compressed as countries skip the middle stages an go straight to technological societies. Even in the poor countries as infrastructure is put in place there will be a need for computers to run it. You don't build a power plant without a host of computers to run it. Remember, the U.S. population is only 5% of those in the world.