Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: michael97123 who wrote (13550)	2/24/2004 7:22:31 PM
From: Kirk ©	Respond to of 95632

I don't know if you watch CNBC or CNN-Fn, but Lakshman Achuthan of ECRI is a regular on those shows, posts on my site and we've become friends. He keeps saying the indicators point to job growth ahead, but in the service sector. He makes a some good points here suite101.com about job loss and what "high-end service" jobs will replace them. I think I am a pretty good example of someone who left tech land after 20 years of product development in HP's R&D organization to do a "service" job on the net. I look at it as "semi retirement" where i use my portfolio return to make up for the much lower salary, but I would not be surprised if what I'm learning and doing makes me more money in the long run as I perfect tools, ideas, etc. with the aim to help people invest better. Anyway, back to jobs, I think we are in a transition mode where many are "retraining" and it could still be some time before the fruits of their labor adds to the GDP. Also, companies were burned SO BADLY by what I think is the Enron/WCOM/Internet bubble where there was so much extra capactity put in place to meet phantom demand that the CEOs are going to work their current work force and capital equipment to the breaking point before they will risk negative profits again to add capacity. I know Agilent got hammered adding tons of capacity for fiber and cell phones that didn't show.... and they were not alone. Once all this capacity is filled and the workers are retrained to be productive in other areas, we could see another boom. Of course, the Demospenders could be right and he world is going to hell and it all implodes..... Kirk