Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Earlie who wrote (45408)	2/2/1999 11:26:00 AM
From: Mike M2	Read Replies (1) \| Respond to of 132070

Earlie, the world is full of bounders, scoundrels and bloody rogues.-g- ho ho ho Mike

To: Earlie who wrote (45408)	2/2/1999 12:49:00 PM
From: Peter Singleton	Read Replies (2) \| Respond to of 132070

Earlie, <<You are 100% accurate about the negative PC revs. for 1998. As you note, it is a struggle to get people to recognize this fact. It has been even more of a struggle to get them to recognize the massive implications of this rather historic event and even tougher to get them to be concerned about it.>> If there's any wisp and shred of sanity in the equity markets, this should be the iceberg that brings the bubble market down. The sheriff's knock on the door ... We'll see, won't we ... Peter

To: Earlie who wrote (45408)	2/2/1999 1:25:00 PM
From: Peter Singleton	Respond to of 132070

Earlie, you're forgetting one thing. The stock market discounts future earnings. Big revenues and profits are coming. Today's no big deal. <g> Check out Scott McNealy's comments in Davos over the weekend. He's saying he's not sure he's going to be building a whole lotta boxes come 2000, due to risks in his supply chain. No joke. <ng> key quote: <<Separately, Scott McNealy, chief executive of Sun Microsystems, said that Asian companies making PCs and computer components lagged the US and Europe by several years in dealing with the bug. Advising consumers to ''buy lots of computers in the second half of this year,'' he warned of severe supply problems after the turn of the century. ''We believe Asia is way, way behind,'' Mr McNealy said at the WEF annual meeting. ''Intel, Sun and Hewlett Packard have done quite similar surveys of their supply base in Asia and they confirm the region is significantly behind in dealing with the problem.''>> courtesy Y2K Impact thread: Message 7600630 MILLENNIUM BUG 'COULD END WALL STREET BULL RUN' By JEREMY WARNER in DAVOS, SWITZERLAND The millennium bug could prove to be the shock that ends Wall Street's 12-year bull market, a senior US economist warned yesterday (Monday). Edward Yardeni, chief economist of Deutsche Bank Securities in the US, told participants at the World Economic Forum in Davos, Switzerland, that a build-up of negative news on the year 2000 problem might cause stock markets to dive. Separately, Scott McNealy, chief executive of Sun Microsystems, said that Asian companies making PCs and computer components lagged the US and Europe by several years in dealing with the bug. Advising consumers to ''buy lots of computers in the second half of this year,'' he warned of severe supply problems after the turn of the century. ''We believe Asia is way, way behind,'' Mr McNealy said at the WEF annual meeting. ''Intel, Sun and Hewlett Packard have done quite similar surveys of their supply base in Asia and they confirm the region is significantly behind in dealing with the problem.'' However, the effects of the bug were played down by Bill Gates, head of Microsoft, who said he thought the problem had been much exaggerated by the press. There were bound to be some problems, he conceded, but he did not foresee a general systemic breakdown. Mr Yardeni predicted a build-up of bad news on the bug from June onwards as companies began to make their SEC filings on whether they were millennium bug compliant. ''There are already 34 millennium bug lawsuits outstanding in the US and we'll see a lot more of that,'' he said. Mr Yardeni said he thought the present euphoria in Internet stocks was symptomatic of ''one of the greatest speculative bubbles on Wall Street of all time''. ''If the stock market dives, which I think it will do in the second half of this year, then it will take the US consumer and economy with it,'' he warned. ''I don't know when exactly it will top, but I have no problem at all with lightening up and taking profits right now,'' he added. A number of executives from the computer and Internet industries said that they thought the frenzy in Internet stocks was casting a cloud over legitimate high-growth companies. //copyright 1999 The Independent, London