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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (41141)	12/28/1998 12:30:00 PM
From: Jess Beltz	Read Replies (1) \| Respond to of 132070

Michael, what you are calling asset inflation is simply the result of people who are looking for a return on their individual financial assets above the anemic rates offered by existing debt instruments (like their bank accounts.) The place to go after the higher rates of return is in the stock market, hence the increased demand for equities and the resulting higher prices, PEs and the rest. Is that the result of the Fed keeping interest rates low, or are interest rates low because inflation is low? jess. Ps - you may be correct about fixing code taking the place of buying new units. I don't have any feeling for that one, and we'll have to see how it translates into pc sales. jb. PPS - I notice AOL is up another $12+. I will let you know if I try a put play there later. You are definitely right about the prices of puts. stay in touch. jb.

To: Knighty Tin who wrote (41141)	12/29/1998 4:04:00 AM
From: GuinnessGuy	Read Replies (2) \| Respond to of 132070

MB, I was reading a past issue of Computerworld today(Dec 14, 1998) and on page 69 under 'Server and PCs', in the "Briefs" they have an graphical insert(which I don't think can be found online) that shows the result of a survey of 50 of the Fortune 1000 companies. The question that these 50 companies answered was, "How will year 2000 affect your spending on desktop PC's this year?" The surprising answer was that 46% said that Y2K issues will cause an increase in spending, while only 6% said it will cause a decrease. Some 48% maintained that it will not affect their desktop PC budget one way or another. This survey seems to contradict your stated Y2k related ideas. I was wondering what your source is for your estimates that there will be a decline in PC spending due to the new millenium. I would also be curious as to how confident you are that Y2K issues will result in lower, rather than higher, PC sales. Admittedly, I can see both sides of the argument but can't figure how to make money betting both ways. -g- Craig