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Technology Stocks : Texas Instruments - Good buy now or should we wait? -- Ignore unavailable to you. Want to Upgrade?

To: robert w fain who wrote (2408)	12/10/1997 9:04:00 PM
From: mark bailey	Respond to of 6180

That's a strong statement from him. Just last week I saw him interviewed and he was a raging bull-predicted 8900 or so by the end of 98. No mention of Tech stock limitation due to Asia but I've been surprised how the market had shaken off the Asia issue. Bottom line is you have 1/3 of the earth's population (including China, who has yet to deal with some of their issues) living in countries where the basic trust in the financial structures is gone or uncertain. The question is what sector is going to take the leadership now or are we entering a mild bear market????? Comments?

To: robert w fain who wrote (2408)	12/10/1997 10:05:00 PM
From: W. Luther	Read Replies (1) \| Respond to of 6180

<<He was saying on CNBC that the upside on tech stocks is over because of asia>> Actually that's half of it...Cramer is saying(and I tend to agree with him) that the continuous upgrade cycle in PC's in the US is on hold for now...in other words, the pickup we all got by moving from 286's to 386's to 486's to Pentiums has hit a brick wall, and won't change until software is developed that makes it compelling to move to Pentium II's, et al...I'm still running a P5, and I can't find a good reason to upgrade, except to have a higher benchmark score perhaps!<G>...how long the slowdown lasts is anyone's guess(I think Cramer has a time horizon of at most 2-3 weeks!<G>) anyway, this situation domestically coupled with the high growth in Asia that apparently won't materialize doesn't bode real well for the tech sector...hopefully it won't last but a quarter or two, but take a look at high tech performance from '83-'89 if you think it has to be a short term phenomena! Cheers, Wade