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Technology Stocks : Jabil Circuit (JBL) -- Ignore unavailable to you. Want to Upgrade?

To: WTMHouston who wrote (2847)	3/5/1998 7:53:00 AM
From: OldAIMGuy	Respond to of 6317

Hi Troy, You're thinking is the same as mine. Of four books on investing that I usually recommend to people, two are psychology books! Best regards, Tom

To: WTMHouston who wrote (2847)	3/5/1998 7:54:00 AM
From: Rob L.	Respond to of 6317

Many of you are taking the intel warning too lightly. Sooner or later the buy on dips strategy will prove wrong. The problem with intel and the boxmakers is very real. Consumers and businesses are not scrambling to buy the latest chip as they did with the 386, 486, and pentium. Why should I buy the latest chip when the pentium 200 or for that matter a 486 100mhz will do basic tasks of spreadsheet and word-processing (which is what the bulk of the population used their PC's for). I can even run the internet with a 486 with little problem (though it is contingent on networking hardware). Also, price on PC's have been plummeting so margins are probably also coming under pressure. Intel is not the same company it was a couple of years ago and growth of the past will be much more difficult to repeat (ditto for Microsoft). Dell's run-up was not justified and it will fall very hard too. Now, I'm not saying the sky is falling. I just think the PC/processor market is aging. I feel the places to make money in technology are in networking. Consequently, I purchased Lucent. Other places that I feel will benefit going forward are the drug sector ( I own Merck) and the financial services sector (I own travelers). These may be boring companies that don't triple in 3 months, but they will provide good solid earnings and I expect to get at least a 20% return in these three companies in each of the next five years. Good luck and I hope JBIL doesn't get hit too hard today. It's a good, well run company.