Hi MeDroogies, I have replied to your post, but posted on the Financial Collapse 2001 thread, reserved for philosophical discussions, as it is now obvious, "contexturally speaking", that both you and I have minimum now at stake in ORCL:
Message 15544909
Here is a bit of what Larry had to say about the past ... pretty candid, just like the HWP CEO.
technology.scmp.com
QUOTE
Oracle grateful dotcom 'lunacy' is over
NEIL TAYLOR
The economic downturn in the United States will not slow the growth of the Internet, according to Oracle chairman and chief executive Larry Ellison.
He could not predict when the economy would recover, but said the technology market was ready when it did.
He said: "This lunacy, thank God it's over, but it really was lunacy. Everyone was talking about their Internet strategy, and it was bound to come crashing down because there were no profits.
"Since when do we take companies with no profits public? No profits, no business model, it was horrifying.
"The dotcoms were the most amazing fantasies in the history of the stock market."
UNQUOTE |
