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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Rock_nj who wrote (60845)	5/2/2002 7:59:37 PM
From: augieboo	Respond to of 99280

Rock, as of today, CSCO is up 17,555.37% since its IPO. (It was in my previous post.) <gg>

To: Rock_nj who wrote (60845)	5/2/2002 8:07:57 PM
From: LTK007	Read Replies (3) \| Respond to of 99280

<< Many computers will become outdated between now and 2004 and projects that were put off in recent years will have to be completed>> this is another myth i see will have to be broken. Corporations have found their computers to be rugged and in no way something that need be upgraded every three years. It is the SALES pitch that had them buying so hard, but they are learning another reality now, that being they have been suckered by tech salesmen. I read that corporations are still unpacking all the stuff they were buying hand over fist during the tech wave that had them thinking i guess i better buy this stuff everybody else is. Techies you live in your own dreamworld,imo.Max

To: Rock_nj who wrote (60845)	5/2/2002 8:08:50 PM
From: augieboo	Read Replies (1) \| Respond to of 99280

The bear's scenario seems to paint a picture in which tech spending and earnings drop significantly from current levels and cause the tech stocks to fall as well. I honestly don't think so. I think it's a matter of whether they can grow earnings fast enough to justify their current valuations. (Remember, by earnings I mean real $$$ in the pocket earnings, not this pro-forma imaginary-number crap they've been feeding us.) Sadly, given the current anti-pro-forma environment, I don't think that most techs can possibly grow earnings fast enough to justify the prices at which they currently sell, let alone any increases. I say this sadly because I live right near Silicon Valley, and I have a lot of friends who have lost jobs and are looking at losing their homes, cars, etc. It's pretty ugly out here. augie