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To: 16yearcycle who wrote (58945)	5/28/1999
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

Eugene, Technology is getting into everything at an amazing pace. You know Michigan has one of the lowest unemployment rates and is a high wage area. So a year ago one of the stores brought in machines to take bottles for refunds. Within months every store has them. A few years ago the Mobil gas stations were the only ones that had a credit card station on each pump, where you pay for gas. And we looked for them because it was more convenient. Now every gas station has it. Grocery stores now have a digital pen at the checkout to sign the credit card charge on a touch screen. That is done to save the 30 seconds where the clerk hands the customer the slip and a pen. These are efforts by business to reduce labor cost. But all that requires computers, communications, databases, software, storage, etc.... The only threat to tech is if interest rates go so high, and they choke the economy, so demand falls for everything. But I don't think the Fed will do that, at least not without seeing a real sure sign of inflation.