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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (5026)	3/21/1999 4:23:00 PM
From: Sagace	Read Replies (2) \| Respond to of 17183

Dennis (and others), a question RE: EMC and Y2K I am long and confident in EMC in that context. However, I am seriously considering withdrawing from the market completely by early summer, then waiting until early next year to re-enter. I will outline why I am concerned, then hope to get some insights from others on either side of the issue. My perspective is that regardless of how the market reacts (or overreacts) during the months leading up to 1/1/2000, there is a very strong likelihood that there will be serious Y2K related problems, mostly originating in other, poorly prepared countries. I suspect that this will have a double negative impact on the U.S. markets. First, the problems will likely lead to further serious economic difficulties in the countries which can least afford such blows. We've already seen how our markets tend to react when economies half way around the world go south, so what kind of reaction might we expect if several crumble simultaneously? Secondly, many American companies, which may be well prepared themselves, are inextricably tied to foreign companies, relying on them for many things in the manufacturing process, just to use one example. Is it, therefore, so far fetched to imagine that the confidence expressed by many American companies could prove to be too parochial in nature, and that they will indeed by hit hard when their foreign partners encounter problems? If one of these two scenarios unfold, the market is likely to decline. What if both become factors?