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To: E. Graphs who wrote (11119)	3/24/1998 8:10:00 PM
From: shane forbes	Read Replies (1) \| Respond to of 25814

E: Well that's good! (In other related MSFT stuff: they lost the Java logo battle with SUNW for now.) I'm beginning to hope that we may get one more push for the techs. Regardless of what others say the techs are the driving force for the economy. Though this q is bad and maybe next q, this may be a combination of many temporary factors (the one biggie is the switch to cheaper PCs but that also may be overblown - unit demand in drives etc still very strong). At some point when consumer items get ludicrously cheap (such as PCs), demand suddenly spikes. We may be near that point now. So even though I expect market to tank the techs may still do ok and may get going if we are lucky. I'm continuing to hold and will add if I see some money going into the techs - there are encouraging signs a n/t bottom is reached. (I have all the long term stuff I need right now.) For the more intermediate and longer term view for the semis I think I've made the case for this point many times here (I think this article may have been posted here before - not sure. I've read it before somewhere.): Message 3821303 Keep the faith. What's going on in the semi-stocks right now is utter nonsense (the only excuse I'll give the market is the sub 1,000 PC thingie). But as to huge underlying problems in the techs I think that's sheer nonsense. (Though I'm more than willing to hear and would love to see dissenting opinions! I may be the one who's spouting nonsense!) Though I don't entirely disagree with people like Briefing.com's arguments about weakening earnings etc., I think the turning point in the semi-markets is a lot closer than the market seers think. That European news that you posted is a good example. The semi-equips as the above article suggests do better a bit later - but even here the prices now look darn decent! Shane.