When I say the Internet is dead,, what I am trying to say is that the exuberance we all feltt initially is dead...In 1998 and early 1999,, I said that the bubble would burst ,,,immediately after the first few Big Internet Companies..started blowing up and burning all their money,,, Well since then we have seen ETYS, STMP, KOOP< RHAT, and a myriad of others get wiped out, we have seen GSCO bring crap like WBVN public,, and raise over 300 million dollars from the public and the company just failed because the buz plan wasnt proven before they went to the mkt..it was just an idea that wasnt practical,,,
The internet will always be around from now on, but it will get cheaper and soon one day,,it will be taken for granted just the same way a phone call is and or a mail order catalog is ...Go see what Spiegel trades at or what T is trading at...The bottom line is that pretty soon the internet and the hype surrounding it,,, will consume all the various aspects that are being sent into orbit...Fiber, wireless, optic, broadban, portal, ISP, .com,, etc.. etc.... we as a mkt have moved from one part of the internet and what it is comprised of and have seen billions and billions squazndered By silly greedy investors ,,, who were conned by the prostitutes that peddle their junky trash...
The internet will become boring and ..simply another way for us to communicate and do a little business, it wont spartk the unwanto excesses it has recently But I assure you that CNBC will try very very hard to light fires under anything at all that can create a little volatility .. |
