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Technology Stocks : George Gilder - Forbes ASAP

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To: John Biddle who wrote (2424)1/4/2000 12:55:00 PM
From: Dan B.  Read Replies (1) of 5853
 
George has often been strongly criticized(even roundly ridiculed with some seeming veracity) for his strongly optimistic sets of future predictions and damn statistics. Yet in a world where some needle in a haystack technology is always taking off at some surprising rate of growth, he seems to have managed to fulfill that implied part of his mandate which hopes to finger technologies where grandiose predictions of growth have high odds of in fact coming true.

In that light, I view his comments in the interview you posted(thanks) as offering a range of growth somewhere between a thousand to a millionfold within six years or so; a very broad range and fine indeed, if he is only correct on the low end. Hell, we might have to call him a winner at a fraction of his low end prediction, just for pointing out where long odds are, why, and getting results. I think predicting rates of future growth for truly as yet not-fully-emerged growth technologies, is beyond exacting prognostication, so all in all I don't really perceive that he has lowered his broad estimates to indicate any change in his long term optimisms, which are his only mandate.

Following up on a rumor, WILL GBLX price multiply by ten before QCOM, from the date of GG's purported statement to that effect(whether he said it or not)? Geez, seeing QCOM march, one has to wonder!

Dan B
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