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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: hmbsandman who wrote (15822)	1/20/2003 3:16:43 PM
From: Lizzie Tudor	Respond to of 57684

unemployment was 12% then? Really? Maybe 12% in all California, couldn't have been here? I'm with you on this sentiment, don't know what to make of it. I was working in the early 90s... there were promising technologies on the horizon (I was in one of them, databases) but there were also these HUGE flops like PDAs/pen-based computing. The good new tech- SQL databases, unix etc. were really just cost-cutting and incremental improvements over what IBM had to offer for the enterprise. Nothing like the internet on the horizon and the endless possibilities it offered, really nothing like that. I do remember networking being a bright spot though, if you were laid off at oracle you could try for a job at cisco, some people were actually hired... good for them. Lots of people I knew were wiped out in the early 90s, real estate was the big crash then, and tech stocks too. Buying then was a great opportunity but things did stay low for a while in the mkts. The real challenge was stock picking. It will be a little easier this time because no new companies, what we have is what we have. Lizzie