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Technology Stocks : WCOM
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To: jackrabbit who wrote (6284)4/5/2000 10:45:00 PM
From: Mike Mullen  Read Replies (1) of 11568
 
RE: The internet, wireless, digital, optics, technology etc. do not change the laws of economics.

Not so sure I agree with you there. As we move to an information economy where bits increase in importance and atoms decrease in importance I think the things you mention do present fundamental changes. If I sell you a car I no longer have that car. If I provide you with some form of information I still have that information. The things you mention allow this flow of information and have profound effects on its supply.

This is not to say that I necessarily agree with current valuations but I do think that past metrics may no longer apply.

-MM
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