FROM CRAMER:
Micro Devices, Micro Importance
By James J. Cramer
10/7/99 2:37 PM ET
Can you figure out what's with these old-media types and Advanced Micro Devices (AMD:NYSE)? The story gets A-3 status in The Wall Street Journal and big play in The New York Times. Meanwhile, Yahoo! (YHOO:Nasdaq), which reported a stunning quarter, gets relegated to the back pages as if it's somehow unimportant.
When will the media realize that AMD is simply an unimportant company and that Yahoo! is incredibly important? When I see this disparity in ink, it reminds me of how blind most of these dead-tree folks are to the importance of the Net. The Net may be the fixation of the nerdy sections in the back of both papers, but when it comes to what matters, we get this focus on a ne'er-do-well semi-competitor of Intel (INTC:Nasdaq).
We have to get some new blood at these older media shops. I see this bias constantly, whether it's with the S&P 500, which has almost no Net in it, or the Dow Jones Industrial Average, which somehow prefers to measure Sears (S:NYSE) and Goodyear (GT:NYSE) than America Online (AOL:NYSE), Intel, Amazon.com (AMZN:Nasdaq), Microsoft (MSFT:Nasdaq) and Yahoo!. (I don't give a darn about that Nasdaq 100 vs. New York Stock Exchange thing.)
Painful. |
