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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (17820)	1/14/2003 12:21:12 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 19079

all you have to do is look at history. the "tech revolution" of the 90s was absolutely second class compared to the great technology booms in the early 1800s and 1920s. they all came and went, and didn't come back for a long time. same will happen this time, only many more lemmings will throw their retirements down the drain chasing this or that false rebound.

To: MeDroogies who wrote (17820)	1/15/2003 8:54:56 AM
From: robert b furman	Read Replies (1) \| Respond to of 19079

Hi M, Careful now - pretty soon we're going to call this a maturing market.A market with more level peaks and valleys. Nah - that must be out of the intro to the Hobbit.gg As prices get cheaper - they become more affordable to implement at MANY smaller companies. The software company that can sell to the fragmented smaller firms (many of which are extremely similar - like autos) will find very nice growth. It may well be less granular and accordingly more level. After the mother of all peaks in 99 - I for one won't mind a mderated cycle.I've been a longer term positional trader. I believe the future is looking much clearer and very healthy. JMHO Bob

To: MeDroogies who wrote (17820)	1/15/2003 10:13:11 AM
From: hueyone	Read Replies (5) \| Respond to of 19079

The "tech revolution" may not have been all it was made out to be, but it has been extremely growth-oriented. It has improved sales inventory management, reduced lead times for delivery, improved personnel decisions, etc. The list is endless. This sounds like the old bubble talk used to justify statements such as Cisco could grow earnings 30 to 50% indefinitely because they were so efficiently managed. But in reality, companies are not only facing many of the same old business problems, but many companies appear to be making more costly mistakes than ever while facing newer, bigger problems. Witness Cisco's 2 billion dollar inventory write off a couple of years ago. I strongly suspect more worthless inventory has been written off in the last three years by companies than any other three year period in history. Do you ever hear anyone talk about "just in time inventory" anymore? What about the fact that so much of Cisco's ands Oracle's wonderful earnings have necessarily disappeared in stock buybacks to offset stock option dilution? Was the stated fantastic "earnings growth" really even there before the bubble popped? What about all the people that had to be laid off in the last few years? Companies can't predict and manage their personnel needs any more efficiently than they have in the past. Why can't Tom Siebel with the supposed greatest customer relation software in the world predict demand two months out? This supposed "new economy" with all its wonderfully, managed efficient companies is a myth in my opinion, not to mention the problem that many public companies are managed for the short term objective of milking outside shareholders so the insiders can cash out their stock options and retire wealthy. Having said that, I will acknowledge that technology has helped companies manage their businesses, but it also helped the competition manage their businesses, as well as presented many new sets of problems and challenges. The net result is that business remains business; technology hasn't magically made all companies grow faster, earn more, be better managed, and there is no "new economy". JMO, Huey