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Strategies & Market Trends : The New Economy and its Winners

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To: Mama Bear who wrote (2725)	11/5/2000 7:05:10 PM
From: Tom Kearney	Read Replies (3) of 57684

Hey Mama, look at this: ge.com From 1912 to 1932, GE's revenues went from $89M to $147M - not even a double - and no match for JDSU. From 1901 to 1912 the stock price was down, and from 1912 to 1922 flat. I'm still looking for complete growth numbers and will post when I get them. And I will get them. Lizzie, I understand your concerns that this is irrelevant. I'm paying attention to it because of this: I think the whole notion of historic valuations, one of the biggest clubs used against tech stocks, is bogus. The best assertion of this is James Glassman's book 'Dow 36,000' where he shows why the concept of a historic PE ratio range that all stocks must eventually adjust to, is wrong. Regards to all, Tom p.s. Very interesting reading in the Economist this week re: Napster and Groove - two more reasons to buy net infrastructure.

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