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To: Robert Scott who wrote (18347)5/4/1999 9:59:00 AM
From: Jock Hutchinson  Read Replies (2) | Respond to of 25814
 
Robert: The problem with your post is that things never worked that way in the past. Prior to this most recent downturn, the semi industry never suffered through a three year downturn. While no one would seriously challenge your assertion that the semi business is a cyclical industry, your assertions that it was a reliable three up and three down cycle is simply wrong and misleading.



To: Robert Scott who wrote (18347)5/4/1999 10:02:00 AM
From: patrick tang  Respond to of 25814
 
Amen! And that's 'long term' investing to play the cycles. Not just hang on for dear life, although for INTC and MSFT, that would have been good too. Then one can always 'average out' everything ....

patrick