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Non-Tech : Bill Wexler's Dog Pound
REFR 1.890-1.0%Nov 28 9:30 AM EST

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To: Larry Brubaker who wrote (3223)8/24/1999 10:51:00 AM
From: Marconi   of 10293
 
Hello Mr. Brubaker:
Exactly. That is why it is so absurd to see in the press that Internet stocks are interest rate sensitive. IF they were so exquisitely sensitive to that one fundamental factor, why would the other fundamentals be so conveniently ignored, like negative cash flow and little prospect of being a going concern? Interest rate sensitivity--nonsense! There are far more important elements to running a business than a peripheral factor like that, given the shape the typical Internet firm is presently in.
Best regards,
m
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