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Technology Stocks : Lucent Technologies (LU)
LU 2.570-3.0%3:59 PM EST
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To: Chuzzlewit who wrote (12070)1/6/2000 11:45:00 AM
From: Zoltan!  Read Replies (1) of 21876
 
>>I wonder if Zoltan ever took the time to study the nifty fifty. Has Zoltan pondered the fate of can't miss stocks like Polaroid or Xerox?

I wonder if you ever realized that those companies/that era and Cisco's position can be easily distinguished?

As for manias, I guess you don't know that I was on the Iomega thread in the early Spring of 1996 warning them all that the stock would crater. Still, dedicated Iomegans were mortgaging their homes and "loading up the truck". The "true believers" lost over 90% of their investment.

I guess you don't know that I was on the COMS thread telling them that COMS would never succeed in a direct assault on Cisco and that they should do what Adobe did in the shadow of MSFT, become king of a niche. I was derided but their salvation was that they lucked into one with the Palm.

I guess you don't know that I told the FORE people that they would not exist as a separate entity w/in five years. FORE rose at the end, but spent years as dead money.

None of that made me very popular with the partisans.

Where I was wrong:

I was also on the AMER (now AOL) thread telling them that AOL was greatly overvalued and had an inferior product. In retrospect, that was a huge financial mistake, but I never lost anything either.

I still think AOL is crap and greatly overvalued, a mania, it's success a measure of people's fear and ignorance.
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