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Pastimes : ASK Vendit Off Topic Questions
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To: DOUG H who wrote (11764)4/24/2000 9:06:00 PM
From: Vendit™  Read Replies (1) of 19374
 
I did get a kick! Thanks.

Why and where is all of this technology happening? Where is it all leading? Why are the markets selling off?

The answer is simple>>;

Why:

A new age of communications is dawning. It's called the Internet. Cheaper faster better and UNREGULATED by greedy governments with pockets waiting to be lined with your money via taxation at least not yet.

What:

Anywhere anytime any communications medium over IP over wireline or wireless remote hand held device. Voice to voice, speech to text, text to speech to fax to email or any combination of the above.

All of this being delivered by a single platform device which allows secure communications between fax, email, PC, wireline phone, wireless phone or "smart appliance" device from anywhere in the world.

When

Now.

Why are the markets selling off?

That is not a hard one;

This new IP technology is a growing new yet speculative industry. Price earnings ratios have way over stepped their foreseeable growth possibilities in many of these issues. Speculative valuations have in many cases out paced the ability for many of these companies to achieve these valuations as we look ahead. Many will not ever make a profit and will either be absorbed by a larger fish of simply file chapter 13.

That being said it is not hard to understand the massive light volume sell offs followed but plastic non lasting rallies as the NASDAQ continues to try to find a valuation that investors feel comfortable with.

All IMHO

Reid

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