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

To: Knighty Tin who wrote (58304)	5/1/1999 3:56:00 PM
From: bill meehan	Read Replies (1) \| Respond to of 132070

That is fun, but not close. <g> BTW, enjoyed your letter in Barron's.

To: Knighty Tin who wrote (58304)	5/1/1999 5:59:00 PM
From: Knighty Tin	Respond to of 132070

To All, Some interesting stuff in the May 10 Business Week, for a change. On page 26, there is a small piece about "High Tech Hits An Air Pocket." The best part was about capacity utilization. Computer and office equipment makers' capacity utilization has fallen to 75.7%, below that of the dull rate of overall factory usage of 79.3%. The article concludes that pressures to reduce prices will remain strong. IDC then tries to sell the author a pie in the sky scenario that has nothing to do with the trends. There is also a longer article called "The Y2K Bug Is Already Loose." They are talking about the last 2 quarters of this year seeing a huge dip in IT spending. Of course, then it is going to go back up in 2000. <g> A sidebar to that article discusses how chip revenues just turned positive as of Feb. If I remember correctly, the largest chip category, DRAM, was selling its prime time chip at $9+ in Feb. They are now trading for $6.15 in the spot market. That might change the direction of those barely positive chip revenues. A lot.