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Technology Stocks : JDS Uniphase (JDSU)

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To: gbh who wrote (13810)11/1/2000 1:53:46 AM
From: Master (Hijacked)  Read Replies (1) of 24042
 
gbh,

Go back about sixty years to an RCA shareholders meeting, when the CEO first announced that they invented a new product which would bring them millions and millions of dollars....TELEVISION.

Just picture the Chairman explaining to the shareholders and analysts alike how the technology would revolutionize their lives:

CEO: We've got this box composed of tubes in which you can see moving pictures.

ANAL-IST: What's it used for?

CEO: Well....you can see someone talking.

ANAL-IST: We got radio for that now. What else is it good for?

CEO: Well...you can watch a Sit-com.

ANAL-IST: What's a sit-com and who'll be watching?

CEO: Well...the idea is to sell one of these to every household in America.

ANAL-IST: Why would Americans spend money just to watch pictures of snow in black and white?

CEO: No-no-no, TV stations will produce shows and transmit them live to the audience.

ANAL-IST: What's a TV station? And how will TV stations profit from this deal?

CEO: Well....I don't friggin know, maybe they'll sell INFOMERCIALS.

ANAL-IST: What's an Info.....

CEO: Ahhhh SHUT UP
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