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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (8725)	2/22/2003 11:12:56 AM
From: michael97123	Read Replies (3) \| Respond to of 95656

G & Thread, Saw Martin Sosonoff on Rukheyser last night. He is bullish on big cap tech. He mentioned cisco, msft, Taiwan Semi. He said ceos will be just as shocked when the big orders start rolling in(sometime in this year) as they were when orders fell off the table. A boom of sorts without the old multiples though. He talked about tech selling at 2X the average PE. His one specific recommendation was Echostar. Anyone here follow this one. Mike

To: Gottfried who wrote (8725)	2/22/2003 6:39:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 95656

>> if they could raise price and sell the same number of units, that would be pricing power. G. [end] Gottfried, Well, terms might have changed since I took college Economics, But I think that would be called "price in-elasticity". Pricing power is different. In pricing a commodity, if one seller raises price, but competitors don't, the raiser will lose all sales to the other sellers. Imagine two gas stations next to each other. If only one of them raises price his revenue will drop to zero. However, if both stations raise price equally, unit sales will drop by the elasticity factor, but they may actually end up with higher revenue. Sarmad