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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Mark Peterson CPA who wrote (109843)3/17/1999 11:35:00 AM
From: Fangorn  Read Replies (1) | Respond to of 176387
 
Mark,

Re >"A lot of stocks could get cut in half," said William Fleckenstein, manager of hedge fund
Fleckenstein Capital. "Anything related to PCs is in big trouble," he said.

The rising importance of sub-$1,000 computers will be a "tremendous crimp" on profits
for PC makers and component manufacturers, Mr. Fleckenstein said. In addition, most
of the technology purchasing to prepare for the year 2000 computer glitch is already
over with, he said.<

Cramer on CNBC today was wondering when someone should no longer be considered early but WRONG!!! I would suggest that the broken record Fleckenstein reached that point two or three years ago. In this excerpt I count three statements and each one is WRONG!!! One has to wonder Why do reporters keep talking to someone who has been so obviously WRONG!!! for so long?