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Technology Stocks : NOPT: Northeast Optic Network, Inc

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To: RobbRacer who wrote (100)7/14/1999 12:27:00 AM
From: Mark Fleming  Read Replies (1) of 708
 
Why do you think companies like Level3 and Qwest have caps in the tens of billions? They have no significant earnings. Imagine a company a hundred (or whatever) years ago creating the first railway lines. There would not be any income until it was built. A smart investor would know that the company is valuable even without earnings because it's obvious the railway will transport passengers and goods when completed. An unsophisticated investor would see that tracks not yet connected produce no income.
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