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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: ed who wrote (14423)	1/17/1999 2:49:00 AM
From: nommedeguerre	Read Replies (1) \| Respond to of 74651

ed, >>Looking at today's environment, even an average PE of 80 maybe low, thinking that there are almost no competitors for US high Tech companies in the world stage , technically speaking, the US high tech companies hold a monopoly positions in the world market, and that the world is getting into a turning point from low productivity to high productivity propelled by technology. If you miss the big pictures of the world, today's world is completely different than what you were in 30 years ago, you may also miss the big high tide ( up trend) of the US high tech stocks in the coming years. What makes the world any different today than when the U.S. was in its heyday previously as the world power? Who challenged U.S. high-tech in the '60s? High-productivity is great. Who are we selling to? Canada and Japan are our biggest trading partners and what is their economic growth rate for the next five years? Once again, all potential growth areas seem to be in trouble: Asia, Russia, South America, and a Europe which is quietly cooling down. If these people are not buying our high-tech goods then what advantage does it give us to produce them? You are right, this market is driven by sentiment! Cheers, Norm