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To: Sig who wrote (10159)	12/17/2002 2:17:33 AM
From: Sig	Respond to of 13815

The market as I see it: 1. The American consumer has once again saved the day. Our economy depends not so much on earnings as it does on money flow. Keep the money flowing to the common people and the system will work. The Fed understands that and took appropriate actions Japan forgot to do that- banks kept all the money, took all the profits .2. The first signs of unhappiness by the 'old guard' showed up in the Microsoft suit. In Late 1999 Company managers using IT, expensive software and $1 mm computers bought from IBM and Sunw must have been really pissed when told they would no longer work right without paying thru the nose to "fix" them They thought they were being robbed, and in one way they were right. Tech companies were making outrageous profits at the time selling products that a nuclear scientist could not understand or fix because of their complexity and proprietary systems 3. They got their revenge, with the Nas down so far. Stopped buying- made tech companies get into a buyers market for technical products Phone companies could not justify buying $100k optical switches or other high priced itiems. Yet they need the computers servers and software even more now to be competitive and efficient in a tough market so techs are a long way from being 'dead' and sales will improve but with more realistic margins than in the past Sig