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Technology Stocks : E Loan Inc -EELN

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To: Mr. Tomatohead who wrote (323)7/12/1999 11:27:00 AM
From: George Gotch  Read Replies (1) of 817
 
WOW!! YE cup runnith over with optimism..Gee it ain't half full it is running all down
the table!. Yep... If I had a dollar for how many times that has been said I wouldn't be
talking to you. The next Dell, the next MSFT. Funny people have been saying that for
10 years on Dell and if they would of just bought Dell, they would of done much
better.
To say that of a net stock at this stage is foolish. Remember, Dell was fairly established
over the years when they went public. Not like these net deals where the ink is still wet
on their corporate charters. These deals are going public for 2 reasons. The
Venture guys are becoming super wealthy overnight with this stuff where in the past
they had to let the companies operate for years first before bring them out. Of course this is
caused by the net hungry public so you can't blame them. Of course the other reason is
for capital to the company. These companies do want to succeed and the market is
giving them the money to do it. The sad thing though is along with capital to grow and
succeed, the market is attaching success to the stock price immediately! So the companies
insiders are rewarded by riches overnight without actually doing something. This is silly
and doesn't motivate companies to continue to succeed past the lockup time of their
insider shares.
Remember, Mike Dell was making PC's in his dorm back in 1984 and now is worth
billions 14yrs later. This is after he built one of the best run companies in the world.
Not 1yr after he left his dorm!
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