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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: D.J.Smyth who wrote (171010)	9/30/2002 12:19:35 PM
From: Ahda	Read Replies (1) \| Respond to of 176387

What is really strange to me is why the Fed, in this interest rate environment, has been tightening up the cash supply? What are they thinking? The cash pool to support stocks is being squeezed. At what point does the Fed decide to open its doors? Interest rates are at an all time low, you'd think the Fed would be opening up... Their thinking is very confusing The dollar creation was to vast. Interest did not succeed in spurring the business end of the economy but it did succeed in elevating the housing market. The FED is attempting to strengthen the dollars value by reducing numerical dollars. Problem has been the cost to develop still exceeds the opportunity of return

To: D.J.Smyth who wrote (171010)	9/30/2002 8:07:42 PM
From: John Koligman	Read Replies (1) \| Respond to of 176387

D.J., it's really pretty simple. The man was negative and said we would have a bust. I don't recall him saying Dell would die, just that it was an overstuffed/overpuffed tech like many others. I suppose long term buy and holders that purchased almost four years ago should be relieved that they are only down 50% or so... I agreed with him then but am swinging more to your side every day now as the market continues to plunge. As for cash rich, big deal, I think SUNW has more cash than Dell and is selling for $2.59/share. How about Intel at 13?? The point is, I didn't hear you or most others on this thread a couple years back talking about the possibility that the 'tech revolution' might be a bunch of bull. Fleckenstein said many techs would go to 3 when it's all over, and it looks like he was right on the money. I don't claim to be smarter than you, but it was NICE to at least be 'smart enough' to be 'tech bearish' a couple years back and avoid this mess. Best regards, John