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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: TEColeman who wrote (2501)	11/26/1997 11:56:00 AM
From: Alec Epting	Read Replies (2) \| Respond to of 93625

I believe we are entering a bear, if not sideways market. The Dow peaked at around 8200, made a feeble comeback to 8000, and now appears to be stuck around 7800. It is not making higher highs. Furthermore, product dumping from SE Asia will cause US competitors to hold the line if not lower prices, cutting into profit margins. Wages are on the rise further squeezing profits. And finally, businesses will have to redirect some of their capital expenditures to fix the y2k problem. Since this is an expense that cannot be written off over time, profits will take a huge dive next year. Thus fewer PC's will be sold to business, causing the tech rally to fizzle.