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

To: stockman_scott who wrote (15991)	2/1/2003 1:38:50 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 57684

"We have to get over this tech obsession," he said. "We have to get on with life." That isn't going to happen though, because tech is the growth engine of the economy for the next century. I read statements like this and I wonder if Yardeni or whoever is serious, or maybe they are just reiterating CW, or whatever. I think we all know the next billion dollar, high profitability company will likely emerge from the ranks of technology. Sure there are great growth stories in other areas of the economy- Krispy Kreme and PF Changs for example but their potential is somewhat limited, really... unless some old tech business plan decides to embrace the internet in some unique way, in the Amazon sense. I know in the late 80s we had a period like this one now, where tech was "just another sector" and not really the hot place to be, there were strong companies in technology like msft but other non-tech areas were growing rapidly also. That was a short lived phenomenon until the next big thing showed up, which once again came out of technology.