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

To: edamo who wrote (122799)	5/6/1999 3:33:00 PM
From: Lee	Read Replies (1) \| Respond to of 176387

Ed,..Re:.OT Re:.what are all these new jobs being created beyond the tech sector, where are the rise of wages with unions? I don't have the figures handy, but technology is making up a larger and larger portion of GDP and manufacturing is making up a shrinking percentage. From all I've read, there are jobs aplenty for anyone who is willing to re-train to current tech requirements. Also, currently layoffs are down. US April layoffs down 21 pct to 54,399--Challenger biz.yahoo.com Re:.where are the rise of wages with unions?.. Are you trying to tell me that the 75 to 80k auto workers currently make is insufficient? Is there some reason that union wages should be rising when some of that expensive work can be out-sourced for lower costs? What about deploying capital for robots and not worry about union demands? AG did say in his speech this morning - Workers no longer believe that large gains in nominal wages are needed to reap respectable increases in real wages. Moreover, incongruously, at the same time that labor markets tightened, workers' fear of job skill obsolescence rose, apparently, as a consequence of the rapid changes in technology that have induced the accelerated churning in the nations' capital stock with which our workforce must interact day by day. Job security has seemingly become more relevant than wage gains as a result. The return of experienced workers for further schooling is remarkable and attests to the surprising depth of worker job insecurity in the face of ever tightening labor markets. bog.frb.fed.us He also noted that Increased labor productivity growth has directly lowered the growth of unit labor costs And that reduction in costs, in combination with declining import prices, has also apparently engendered lower price inflation and inflation expectations that, in turn, have curbed both nominal wage growth and unit interest costs. I'm not an expert but attribute the gains to technological innovations and evolution of job requirements and skills. THanks for your remarks, Lee BTW - GO DELL! <g>

To: edamo who wrote (122799)	5/6/1999 5:05:00 PM
From: stockman_scott	Read Replies (1) \| Respond to of 176387

~ OT ~ edamo...Here is an interesting review of a "Big Boy" deciding to lighten up on AOL. They don't hold onto these high flyers forever. A few months ago the Legg Mason Funds were one of the largest holders of AOL stock. They also still own a lot of DELL -- at least they did last time I checked <gg> .... FYI.... <<By Christopher Bowe This story was originally published Tuesday. CHICAGO (Dow Jones)--Legg Mason Funds president William Miller said Tuesday that America Online Inc. (AOL) is overvalued. Speaking here at the Morningstar Investment Conference's legendary managers panel, Miller said AOL's stock market capitalization has approached its zenith, if you place it in context with the U.S.'s biggest companies. "It's now significantly overvalued according to our models," said Miller, who oversees about $10 billion in assets, including the Legg Mason Value Trust. If AOL's current $150 billion in market capitalization doubled, it would be roughly the size of General Electric Co (GE). At $300 billion it would be right behind Microsoft Corp. (MSFT), he said. That seemed unlikely, so it was time to sell, Miller said. After getting in early on AOL and watching its incredible price growth, Miller said he has sold AOL shares over the last few months. Looking for new technology, Miller said he's finding "a lot of value" in small cap software companies. Market share is a key factor when selecting a technology company. One of the reasons AOL was so attractive for so long is because it had fought off many challenges and still had 53% market share, Miller said. Separately, Miller said fund managers often neglect to study their archrival competition - Standard & Poor's 500 index. Fund managers routinely study a company's competition or competitors' funds, but sometimes forget to look at the inner machinations and makeup of the S&P 500. The S&P 500 is considered the benchmark to which mutual funds are measured. The S&P 500 is often updated where some stocks are replaced by new upcoming ones. Miller said the S&P provides a blueprint: winners stay on it a long time, it has low turnover (40 changes last year), and they actively weed out the losers. -Christopher Bowe; (312) 208-1093 (END) DOW JONES NEWS 05-04-99>>