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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: westpacific who wrote (3445)5/5/2001 10:36:27 AM
From: JMD  Read Replies (2) of 74559
 
WP--"Software produces a product that can be pirated, financial services churns capital." Sorry good sir, still can't buy into your vaporware theory. See, you'll have to convince me that Microsoft's coffers which at last count were sporting $30 BILLION IN CASH (think about that number WP) aren't really the real thing. 30 BILLION is about as real as any real I can conjure--and that's after all the piracy. You can export IPR and get paid oodles of dough for it, just like you can Harley Davidsons. No difference. In fact, those nutty folks down in Hollywood constitute an industry that earns a ton of foreign exchange for the USA (and the contempt of the French but we won't go there) and they do it without an ounce of steel. Pure celluloid and dreams--worth billions.
Bottom line westpacific is that there ain't nothing wrong with letting the Japanese bend metal to deliver a shiny new Lexus to your door, while we code up the latest revision of Office 2000 to pay for it. We have a trade deficit because we import more than we export--not of goods or services, but more of both. If we had more services to export, we'd trim the deficit. If we had more goods, ditto. Just have to let go of this hostility for all things ethereal. regards, mike doyle
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