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Technology Stocks : Novellus -- Ignore unavailable to you. Want to Upgrade?

To: SemiBull who wrote (3432)	5/29/2003 12:47:37 AM
From: Cary Salsberg	Read Replies (2) \| Respond to of 3813

RE: "Have you been nibbling or outright buying any/all of your great eight over the past 3 months?" I have been fully invested since last summer. I was early, but that is consistent with "buy low, but you can't buy at the bottom." RE: "...one natural evolution could be deflation..." The economy is a world economy and the lowest cost factors of production have been and will continue to be sought out world wide. Jobs don't come back. The trade off is lower costs of goods. We have seen very healthy "deflation" in tech for along while and it will definitely continue. Inflation and deflation are a danger if they lead to instability. Stable long term inflation has not been a danger and stable long term deflation, if it happens, need not be. I believe that the strength of the US economy is in the free markets and free political and legal institutions that promote individual eterprise and entrepreneurship. While these freedoms vary slightly over time, the tradition is very strong in law and in fact and will remain a source of US strength. RE: "...which areas of advances will be drivers in your mind during the upcoming upswing?" The main driver will be the development of the network. Bandwidth and wireless will continue their development. One source of applications drivers will be the evolution of network packets from voice, alphanumeric data, and simple computer graphics (GUI), to real time, full motion, audio video. This will greatly enhance both entertainment and communication and will add a "vrtual" dimension to our here and now existence. Another source of application drivers will be ubiquitous connection to the network of most man made objects including sensors attached to everything. I am not a big proponent of the upgrade cycle. I believe that there will be a radical difference between the capabilities of the last generation of equipment and the new generation that drives the economic recovery. I tried to begin to gain expertise in the biotech sector, but I did not find it fun and in some cases it was depressing. I gave up that opportunity for future profit.