Got an alert today! Quickly checked it, guess what, Lucent Technologies is down by 20% at a dollar twenty cent after forecasting their 9th straight loss (more than 20% less revenue than the third-quarter). It's unbelievable. How would even think of Lucent even being under 20 dollars three years ago and now it stays at one dollar today on Friday the 13th?! The same for Sun Microsystems guys who experience financial problems as well as majority of other companies in high-tech industry. Now, I wouldn't be surprised if Sun or Lucent declare bancrupty next week! Lucent, the troubled network equipment manufacturer is planning to cut 5000 jobs by the end of this year and Sun shares fall almost to 6-year low a little higher than 3 dollars a share.

Is the economy gonna be worse? Many well-known analysts predicted last August that the slow economy would start to recover by the middle of this year. Despite the fact that the statement was made before last September's attacks which helped the market collapse, there barely has been any sign of recovery so far. What happens now is that people sell their stock to avoid losing more money seeing the terrible situation and it makes the market lose value, then more people sell and so on... The sad fact which I'm now used to see and also contributes to this slowness of the economy, is the huge number of business lands in Silicon Valley used to be owned by former dot-commers which are now unoccupied and ready to be leased. Let's keep our fingers crossed and pray for a take off!