Here is a Jan piece about GG.......
01/11/2000
The Wall Street Journal Europe
Page 20 (Copyright (c) 2000, Dow Jones & Company, Inc.)
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The price of a stock is almost no object to Mr. Gilder. Last year, that was the perfect attitude. Doesn't he worry about a stock's price after it has soared more than 2,600%? "That's not my job. I don't do price," Mr. Gilder says. This sums up my major concern about many of his companies, including TERN, if they stub their toe, they have
a looooong way down. At some point you have to consider the Risk/Reward ratio. I'm sticking to CMTO, thankyou.
In any case, he says while some of his newsletter's marketing pitches emphasize making money, his primary interest is technology, not stock performance. He says he owns about seven of the companies on his list, and he doesn't sell. (He has an independent manager of his money.)
To be sure, Mr. Gilder has recommended duds. He said he pulled Netscape off his list before the Internet-browser company got its buyout offer from America Online. "That was a real clinker." In the case of P-com, which made radios for transferring data into offices, the stock had dropped more than 50% since his November 1997 recommendation before he removed it a couple of months back.
Moreover, the timing of when he picked some of his winning stocks can be fuzzy. For instance, his newsletter cites Sept. 24, 1996, as the "reference date" for Qualcomm. But he mentioned the company only briefly in July, and his first lengthy discussion didn't occur until January 1997.
Mr. Gilder says he can't recall why that September date was picked for Qualcomm; he refers the question to a colleague, who says the newsletter will change the reference date to July. ......................
China-They were the first major market for digital video, VCD. There were many standards fighting for market. China would not allow any one else to control the standard, they wrote their own and the vendors conform to it. They set up a lab to work on their own HD video standard. They are definitely worried about MSFT and their Windows, and WIndows CE plans.....SO they may have a governmental Linux standard...somehow I doubt that they will pay any royalties
to TERN for any Asian standard. Without the chance for a QCOM type royalty stream....... |
