Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Kimberly Lee who wrote (14632)	8/26/1999 6:56:00 PM
From: gizmo&jack	Read Replies (1) of 108040

Anyone realize that IIJI has a market cap of $1825MM on 2nd quarter revenues of $45MM (10X annualized) while CHINA has market cap of $930MM on 2nd quarter revenues of $2.4MM (93X annualized). Anyone see something wrong here? Its called exposure, plain and simple. Of course I realize that people may think that with the massive population in China, the market opportunity may be larger. But I doubt it highly. China is essentially a third world nation. They are so far away from using the internet in mass, not to mention buying things over it. Japan is a highly developed economy, yet I think I read that only 11% of the country uses the internet today. They are the country that will ramp up the quickest after the US. It is so obvious and I would not be surprised to read this Monday from Goldman or Morgan Stanley analysts. Also, regarding the market in general, I see no logical reason for the pullback today. It really annoys me when the market tanks because some rich Prince Alwaleed (who was probably born with billions or made it in the oil market and is somehow an expert now on the stock market) says it should. This guy may have made alot in the stock market over the last few years, but who didn't? I wonder what his percentage gain really was. I remember hearing once that everyone applauded Getty for all the fabulous investments over the years, but if he had invested his initial fortune at 5% interest year after year he would have done just as well. Back to logic now: the GDP came in as expected with the GDP Price Deflator below expectations. Same data we have been pretty much getting for the past year. Solid economic growth with low inflation. And the market was very happy with this until that brilliant Prince spoke. He claims that all it will take is one important news item to send the market into a downslide. I have a feeling that all it will take is one comment from one economist who actually knows what they are talking about to forget all about the prince.

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