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

To: Alan Siegal who wrote (10697)	10/9/2002 10:35:20 AM
From: Cary Salsberg	Read Replies (2) \| Respond to of 10921

Simple question: What was the rate of price/performance improvement of steel in the 1950s and what is the rate of semiconductors, now?

To: Alan Siegal who wrote (10697)	10/10/2002 10:58:55 AM
From: willcousa	Read Replies (1) \| Respond to of 10921

The old mainline big-name steel industry continued to utilize outdated production methods from the 50's forward while Europe and Asia had to replace its' production facilities after WW2. The new plant was very efficient by comparison to ours. With a captive US market there was no incentive to be competitive here. When steel imports poured in the response was to seek protective tariffs. Some newer companies built modern minimills and seem to have done ok as a result. A lot of our old plant is now gone now. I don't see the parallel with our high tech industry of today which competes worldwide.