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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (17486)	3/19/1999 7:23:00 PM
From: abuck95	Respond to of 93625

Zeev I will have to put some thought into your response, obviously you already have. On the big picture of things the Japan recovery plays the largest in my mind. I think they have a clue it will just be a slow process. Your comment about RAMBUS getting more visibility well maybe to the retail investor, but the institutions I think they are watching the story very closely. I just get the feeling that we will have some sort of event that will change sentiment from let's sit back and watch for a while to let's get our piece of the action. I suspect considering his past calls Edelstone will pound the table sometime before we hear that production problems are coming to an end. I will be watching his calls.

To: Zeev Hed who wrote (17486)	3/21/1999 3:38:00 PM
From: Alan Hume	Respond to of 93625

Hi Zeev, Inflation, I thought you might care to read VectorVests comments on inflation. These comments were published last Friday "The Dragon Slayer: As Chairman of the Federal Reserve, Dr. Alan Greenspan became America's Chief Inflation Fighter. He takes this job very seriously and once stated that his goal was to reduce the inflation rate to zero. This appeared virtually impossible to do since his primary inflation fighting weapons have been control of the money supply and the ability to adjust short-term interest rates. History shows that these weapons have been able to slow the Dragon of Inflation, but they have not been able to destroy the Dragon once and for all. Now comes Mr. Edward Kirschner, Chief Investment Strategist at Paine Weber. He states, in a remarkable interview in Barron's magazine (March 15, 1999), that inflation is essentially dead. Here's what he said. "It's unlikely that inflation will ever come back. I know I should never say never. You have to appreciate that inflation is a descretionary event. We don't have to have inflation if the powers that be, i.e., the central banks, are willing to stop it. If inflation is 5%, make rates 10%. If it is 50%, make them 100%. If the central bankers are willing to put the cost of money so far above the rate of inflation, you can stop an economy. We have essentially created the post-Volcker Fed to maintain price stability. So unless you think it's about time to abrogate that responsibilty, I don't think you'll ever see an annual, a one-year, rate above 3% ever again." Now hold on here just one cotton-picking minute. Manipulation of interest rates hasn't controlled inflation in the past, so why should it work in the future. Dr. Greenspan hasn't raised interest rates since 1994, but the economy has thrived and inflation has gone down to historic lows. Of course Dr. Greenspan will not abrogate his responsibilities. But he'd be the first to tell you that the New Economy, i.e., global competition, pro-active management, and technology driven productivity improvements, is The Dragon Slayer." I also believe that Japan is slowly coming to rtesolve their problems. Korea and Malaysia have both taken the necessary measures to reduce their foreign debt, and hence do not consider a second bout of Asian Flu to be likely. Crude oil prices are not bumping, but are returning to their normal levels. We should be happy about this as too low oil prices quickly leads to environmental misabuse. As for the "Spring relapse", sure it will happen, it happens every year Alan