In line with the previous message this remark looks quite pertinent.. if one is part in this rally of internets from 450 to 1000 plus on DOT I would not be greedy to continue my run, I would rather replace my positions with some more exotic trades like out of 'money calls' and 'keep my cash'.. to look for something like IBM or ORCL ...
<<To prepare for his annual meeting with Wall Street last May, IBM Chairman Louis V. Gerstner Jr. had an assistant pull the financial reports on 25 of the 'real Internet standard bearers'--companies like Yahoo! (YHOO), America Online (AOL), Amazon.com (AMZN), eBay (EBAY), and E*Trade (EGRP). Last year, those companies generated combined revenues of about $5 billion--and lost $1 billion. Yet the market value of the Internet 25 together was 50% greater than that of IBM (IBM). 'Go figure,' Gerstner deadpanned when he delivered the news to analysts. 'Now, I am not suggesting that you view us as an Internet company, but I think it is worth noting that IBM is already generating more [e-business] revenue and certainly more profit than all of the top Internet companies combined.'
Get ready to adjust your thinking. The marquee names of the Internet Age may be dot.com companies, but the big dot in the New Economy these days is IBM. While Amazon's Jeffrey P. Bezos and Yahoo!'s Timothy Koogle get all the Internet kudos, Gerstner has been quietly zipping past competitors, large and small, to emerge as a leading arms supplier to the Information Age. Today, IBM is doing it all: helping merchants hang their shingles online, advising corporate chieftains on how to reshape their businesses top-to-bottom, even wiring local courthouses. 'They get it,' concedes Edward J. Zander, president of rival Sun Microsystems Inc. (SUNW) 'Every day they're telling a better story.'>> |
