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Technology Stocks : Macromedia...making a comeback? -- Ignore unavailable to you. Want to Upgrade?

To: J-P tymowski who wrote (1983)	12/12/1997 1:09:00 PM
From: Sultan	Read Replies (1) \| Respond to of 2675

Valuation is relative. With this meltdown, there are a lot of other stocks that will bounce back quicker so people who bought at higher prices are probably booking tax losses to buy something else. I expect it to stabalize in January.

To: J-P tymowski who wrote (1983)	12/12/1997 4:08:00 PM
From: John Nail	Respond to of 2675

Oracle sells alot of software in Asia and they announced lower sales in that part of the world. This action might have prompted some analysts to adjust their expectations based on the proportion of their sales from that region. Just a guess, it seems knee-jerk (the drop) and all of tech has gone down in the last few days. Today, the tech-heavy NASDAQ down 20 while DJI even. Alot of people are coming to the realization that the US economy is slowing naturally AND that Asia will have no growth which is like negative for them. People are particularly bearish in tech because they are realize much of "expected" growth was to come from that area.