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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (65592)	6/22/2004 12:20:05 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 77400

well, biotech is a great industry but personally I think biotech actually removes wealth from an economy vs. creating it, at least for now with the way the drug prices are structured. I do come from software, but I know a lot of unemployed and underemployed people from all kinds of industries. It just seems to me that this is a broken technology market, I see we had another test of 1960s today, looks like a downward trend again, and given profitability etc. you would not expect we'd be here. Our markets should be rallying, valuations are not that high, the recovery is here (at least intel keeps saying so) and there is no reaction from the markets. Today sprint said it would spend billions on an internet over cell phone architecture. No reaction. Why our tech markets are broken is anyone's guess. My feeling is that it is related to employment, wage pressure and the "doom and gloom" sense that huge numbers of people in this industry have. Also, when you offshore IT in an organization, you also lose the main cheerleader your company had to buy more equipment. All of this adds up. People like me see all the offshoring and think the tech industry is in the process of being given away to asia where commoditization will surely take over. Doesn't make me want to add to my stock portfolio.