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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Ira Player who wrote (7562)	10/16/2003 5:21:04 PM
From: Big Bucks	Read Replies (3) \| Respond to of 25522

Ira, I think you are correct....so what do these out of work engineers and managers do when their jobs go away? They won't be able to afford the expensive houses, cars, restaraunts, etc., in Silicon Valley or California and will likely leave the state. If high tech companies depart SV for less expensive digs then housing values will drop, mortgage defaults will accelerate, more and more businesses supporting the high tech industries will fail....basically a cascade effect. I think a similar thing happened there when many of the former military bases were shut down. Also, consider that if semi equip manufacturing becomes cheaper that pricing of products will also necessarily become cheaper which reduces profits and corporate earnings....the customer's will demand it. Keep in mind that semi equipment has a limited and very specialized market. I think the voters of Ca just decided that Arnold offers an alternative to keep companies and jobs in Ca, and to change the bad economic policies of the prior Democratic regime. A paradigm shift is not necessarily a good thing if it means that eveyone becomes status quo.... I believe they call that communism...