Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Patricia Trinchero who wrote (151360)	1/5/2003 6:21:05 PM
From: Alomex	Read Replies (1) \| Respond to of 164684

Here's my two penny prediction of the future: within fifteen years over 20% of the cars in the road in the US and Europe will give you 100 mpg, and by 2050 gasoline will be the ugly duckling of fuels, just like firewood and coal went from being the fuel of choice to ugly ducklings in their own time.

To: Patricia Trinchero who wrote (151360)	1/5/2003 10:15:17 PM
From: Bill Harmond	Respond to of 164684

Patricia, that's GST's number outrageous number, not mine.

To: Patricia Trinchero who wrote (151360)	1/6/2003 8:52:15 PM
From: GST	Read Replies (5) \| Respond to of 164684

The number came from the country manager for BMW -- he gave the number in a conversation in which he said BMW considers China their number one growth market. GE see China as their main source of growth. Sony sells more electronics in China than in Japan. 200 million Chinese have mobile phones. Millions of Chinese will buy phones with cameras from Nokia and others this year. MSFT is investing $1 billion in an R&D facility that will be one hundreds of such R&D investments that other mulitnational companies have already made. China is expected to outstrip the US as a destination for foreign direct investment for the first time this year -- at $100 billion. The economy is growing at 8% per year and has been for two decades and probably will continue to do so for another two decades. The point of the BMW number is simply to point up the degree to which China has changed and is changing as we speak. And please recall, I did not say 40 million people are about to buy a BMW, I said that according to BMWs own studies, 40 million Chinese could afford to buy one if they wanted to do so.