bull market reasoning (corrected)

[Rakesh Bhandari]

>Rakesh, don't the Japanese companies excel in the production of small logic
>chips that work in non-computer consumer goods?

This would probably be Sony and Matsushita both of which have been turning
only modest profits. Yet relative to the consumer electronics sector the
personal computer industry has risen, which priviliges the design intensive
logic chips (inc microprocessors) in which the US excels.

Yours, Rakesh