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Strategies & Market Trends : The New Economy and its Winners
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To: Bill Harmond who wrote (5430)2/26/2001 11:10:14 AM
From: Glenn D. Rudolph   of 57684
 
Bill,

Here is an excerp for The New York Times. The link for the balance of the article is at the bottom. I was wondering if you had any thoughts.

" Reality has already set in where Internet stocks are concerned, of
course. But with vendors making crucial credit decisions about the
Internet companies they supply goods to, a bigger dose of reality
will very likely set in fast.

Mr. Wallis of the Credit Research Foundation said that during the
mania for Internet stocks, credit managers felt perplexed: "They
were sitting there scratching their heads saying, `What are we
missing? Obviously the investment community sees something we don't
see that makes it viable to take a risk.' But we never really came
to an answer."

The answer has now become clearer. What investors were seeing in
Internet companies was never really there at all. "

nytimes.com
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