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jps

On Tue, 03 Nov 2009 22:16:10 -0500, wrote:

On Tue, 3 Nov 2009 18:51:05 -0500, Tosk
wrote:

In article ,
says...

On Tue, 03 Nov 2009 09:36:46 -0800, jps wrote:

Y2K scam that destroyed the chip industry?

I agree, Y2K was one of the best things that happened to the computer
industry. Lots of people who only needed a little software patch,
bought a new machine.
Most of them would have been just fine if they simply rebooted their
machine in the morning and set the date.

The problem was, once everybody bought new computers at once, they
didn't need new ones for 2 1/2 to 3 years so the bubble was bound to
burst. I had one friend in the market heavy, I warned him to pull his
"bubble" stocks and he did, he was very grateful by the end of '02. Kind
of like the cash for clunkers is gonna' do or is doing to the car
industry.
The bubble had little to do with hardware. The stock bubble was
simply people betting on anything that had "dot com" in it's name.
Your Intel stock didn't get hurt at all (until the 9-11 crash) but
your "pets.com" stock went to zero.

An adroit analysis by The Freak. Cash for clunkers is going to cause
the bubble to burst in car sales.

Seems like that happened already, eh? Before cash for clunkers was
instituted. Do cars now have a 30 month lifespan, same as computers?

As you've pointed out, the bubble didn't have **** to do with hardware
sales. It was the inability of all that venture money to get traction
in each one of the stupid investments they made. Companies going
public before they had revenue or profits.

Dildos who ge their information exclusively from the right wing media
are bound to be rabidly misinformed.