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To: ChinuSFO who wrote (228)7/4/1999 2:25:00 PM
From: Stephen  Read Replies (1) of 977
 
Chinmoy, one point I should make is that there is a misconception regarding internets & higher interest rates. One of the major analysts raised this point a couple of weeks ago ... I just don't remember who it was.
In any event, most of the recent IPO internets have used the proceeds of going public to wipe out debt and are holding huge cash reserves. Therefore, unlike hi-tech bricks & mortar companies that are leveraged for growth, many internets will actually benefit from higher interest rates because of their returns on their cash. Ironically, higher interest rates could turn these companies profitable before expected !.

Just thought I'd mention it !!.

Stephen
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