PALM SPRINGS, Calif. -- The Goldman Sachs Technology Investment Symposium has just begun. Yet it's already abundantly clear that the old-tech guys are envious of the new paradigms set for Internet-related plays. "Since every Internet company is expected to grow at the rate we have grown at over the last 10 years, I would like to congratulate them in advance for 10 years of 50%-plus growth," Dell ( DELL) CEO Michael Dell, whose company's revenue has grown that much and more on average over the past decade, said during his keynote speech Monday. The old-tech companies aren't really hurting all that much; they just don't feel they're getting their proper respect. But that will all change soon, Intel's ( INTC) Paul Otellini promised in another presentation Monday: The launch of Microsoft's ( MSFT) Windows 2000 will present PC and hardware companies with a lot of business this year. Still, some money managers say it's a bit early to re-enter PC-centric old-tech stocks. For instance, Windows NT "took four or five years to become a phenomenon," said a large-cap analyst at a money-management firm, who requested anonymity. "I think a lot of buy-siders are saying Windows 2000 will have a less powerful impact over the next six to 12 months, but a more powerful impact over the next three to five years." The money manager doesn't own Microsoft or Intel stock.