We built too many fiber-optic lines to nowhere. It will take some time to absorb that.
We built too many fiber-optic lines to nowhere. It will take some time to absorb that.
In addition to a slowing of consumer and capital spending, it may be that current PC products are running out of gas. I haven't even thought about upgrading my PC for several years. You used to have to upgrade all the time because you ran out of memory or needed faster processing.
Communications equipment makers were by far the worst. The semiconductor guys were horrible, and hardware makers had a tough time. But software earnings were only down modestly. The software business will do reasonably well even in a lousy environment.
There's big changes taking place. By the time we get to the third quarter, most of these companies are going to be significantly in the black, as far as earnings growth goes. And in the fourth quarter, the earnings gains are going to be huge.
© 2020 Inspirational Stories
© 2020 Inspirational Stories