Nobody cares about Microsoft at 10 times earnings, facing disappointing personal computer shipments this year, a leading indicator for desk top computing software.

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Monday's announcement that Compaq Computer plans to cut production and jobs at its plant in Scotland is yet one more indicator that a tech slowdown may be in the UK's future.

BBC: Hi-tech slowdown threatens UK

We hired computer programmers to basically take my ideas and historically plot them on a chart, and we developed this indicator over several years.

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