EMC is no CA. EMC is a real Corporation with financial records that are not restated. I relied on CA financial records that later changed due to lawsuits on share options taken by their Corporate Officers. Computer Associates ruined a great opportunity because of management short sightedness, however, do you know that CA does not do business with anyone by paper anymore, if you are still doing paper, CA just does not want your business. That is the future, and CA is paperless. What other company in America or the World for that matter is AS PAPERLESS AS CA??? Now, their price drop was not macro-economics, which is the only thing holding EMC and PALM or HANDspring or the like back. CA had a different problem similar to Enronitis, that is, the management was greedy, and is greedy, they do "run" their town in New York, and do have a nice Stadium for their team that the rest of us Shareholders really gave them, that is, that they TOOK from us with their stock dealings. EMC is not like that, it is in a growth industry (STORAGE) and has managment that would be unable to steal the company even if they wanted to. EMC has a brighter future as a result. So do many other tech companies. Not all Techs had financing that made them vulnerable to Greenspan pulling out the rug on half their business model plans, as was the fate of most dot coms, half a business plan does not make a whole company, so went the poor unfortunate IPOs out there, that their bright ideas and solid plans and innovative products were simply destroyed by Alan Greenspan because of when they went public, they were BORN TOO LATE, had they launched years earlier, they would have survived, would have had the other half of their start up financing, and fully executed their plans, their business models, and guess what?....the World would have been years ahead, we would be living in the future, instead of being knocked back into Alan Greenspan's past, back into the horse and buggy whip days of old, old industrial models like the FAILED STEEL INDUSTRY that GREENSPAN BETRAYED WHEN HE WORKED AS THEIR STEEL ANALYST AND SOLD THEM OUT TO ASIAN STEEL, before he went on to the Federal Reserve where he has now SOLD OUT AMERICA and SOLD OUT THE WORLD ECONOMIES like Argentia, Loeme Treaty Africa, and other non-Israel aligned nations of OPEC, which set the stage for the OIL WARS we are now in, when Greenspan upped the price of Money, and the Saudis retaliated by upping the price of their money: OPEC OIL. OIL should never be below $20 nor ever above $25 per barrel, and the US DOLLAR should never be above interest rates in excess of the GDP or below it either. Greenspan violated fundamental laws of economics, and we all have paid the price, all those new startups paid the price, all those nations where financial collapses led to riots, like Argentina, Japan, Taiwan, Korea, Singapore, and Chile and Mexico next, Pakistan, Palestine and Israel, and now France, and tommorrow Italy and then Germany. And then what? The only way out is to GROW OUT OF IT, and that means high tech. We are not going to EARN IT BACK, not all 2.5 Trillion Dollars Greenspan permanently DESTROYED from the world markets, you can not SAVE AND EARN that much back, you can only GROW OUT OF IT, and that means tech, and really means HIGH TECH, and that is why EMC, PALM, HANDspring and the rest of the 4 horsemen (CSCO, ORCL, MSFT) and AMD and INTC and all the rest, like SUNW etc are all getting the crap kicked out of them right now, but will rise, like the Phoenix, from these ashes, according to the economic laws discovered by Schumpeter in his work on CREATIVE DESTRUCTION, and that is why these LOW PRICED STOCKS are the ones to BUY, because you BUY LOW and SELL HIGHER. Not HIGH, not HIGHEST, but HIGHER. What would acccelerate the full recovery, is Greenspan's removal, resignation, impeachment, or even indictment since what he did exceeded his and the Federal Reserve's authority and theeby manipulated markets which the SEC would indict anyone else who did that with their money or anyone's money even if it were Gates/Clinton or Milken or the like. Greenspan is a failure, he blew it.
I am,
Truly your$,
-Crystal Ball |
