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To: shoreco who wrote (54097)	3/8/2002 10:42:10 PM
From: shoreco	Read Replies (1) \| Respond to of 100058

More detail on my last post..... Anyway, this is what I see in that stimulus package and it's huge. You know how bearish I've been, but this has got to cause even the hairyest bears some concern. This explains the wild action I saw today in CSCO,DELL,INTC especially after I heard INTC's call and let me tell you, the stock should of tanked today. I thought they put the stimulus package to rest and especially after hearing Greenspan telling the house they didn't need it. Talk about miss leading (Explains the insider only 2 week rally) biz.yahoo.com Wednesday February 27, 12:03 pm Eastern Time Greenspan says no need for fiscal stimulus now * And here's the articles from today * biz.yahoo.com Stimulus Package Will Drive Investment; Recovery From Recession Most manufacturers will be able to write off 40% of equipment purchases in the first year of the package, and 57% in the first two years (compared with 14% in the first year and 39% in the first two years under current law). The temporary tax relief applies to equipment ordered between 9/11/01 and 9/11/04 and placed in service prior to 12/31/06. biz.yahoo.com ITAA Calls for Senate Passage of Economic Stimulus Package Two key provisions of the bill have been sought by the IT industry for several years, especially the provision to allow buyers of IT to depreciate those assets more quickly in line with the actual useful life of those investments. This change will encourage customers immediately to make more investments in IT. The bill also adds an important five-year carryback period for net operating losses. ``The IT industry, an important engine of economic growth, has long advocated adopting the provisions contained in this bill to bring accounting practices in line with technological innovation and growth. We commend those House Members on both sides of the political aisle that ended the stalemate on economic stimulus that has prevailed for the last several months and supported economic relief for our industry,'' said ITAA President Harris N. Miller. ``Passage of these provisions would be an overwhelmingly gratifying win for our industry. We urge the Senate to pass this compromise legislation quickly that can literally begin making a difference in job creation tomorrow.'' The Information Technology Association of America (ITAA) provides global public policy, business networking, and national leadership to promote the continued rapid growth of the IT industry. ITAA consists of over 500 corporate members throughout the U.S., and a global network of 47 countries' IT associations. story.news.yahoo.com House Approves Stimulus Plan Includes a provision allowing businesses to write off purchases of computers and other equipment faster. Democrats have supported the depreciation provision, but for a shorter period than the three years included in the bill. The bill also would allow businesses to use current losses to reduce tax payments for the previous five years and includes economic aid for New York and extends a number of business tax breaks that otherwise would expire. EOM Shoreco

To: shoreco who wrote (54097)	3/9/2002 9:24:08 AM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 100058

I wouldn't be too excited about the stimulus package. Although I agree on te 3 years average usage of material. This explain, IMHO, why the Y2K acquired gear already is being replaced: either you need the replacement, or you don't. The package will not create a new demand, but will give an easier opportunity to write down extra losses (2 years of amortization). For those who did not do so already: you always can sell any material for scrap before the end of it's booklife and account for the loss. Only difference is 1/3rd amortization vs. 1/5th amortization a.k.a. more losses. So, this measure is yet another political propaganda which costs very little and help the same, but gains electoral voices.