Gary, I enjoy hearing your counterpoints to the mainly positive longer term points many others here present in favor of Yurie over the long haul. I read your posts carefully, and take them into account considering I have a very healthy portion of my portfolio tied to Yurie's future.
Why I like this company in the long run (as well as the short run)?
My main reasoning is the founders are highly intelligent, fast thinking, creative, entrepenurial and the company is named after Jong Kim's daughter - Really! Now these assets do not appear on a balance sheet, and you can't have an argument on the technical merits of naming the company after someone's daughter, however, there are intangible factors that, I believe, contribute to the success of companies, every bit as much as whether or not "multiservice on IP" is a threat or not.
Here at Kodak, the best engineering work I ever witnessed was done by the group designing our high-end professional digital cameras. They were on a mission: Make silver halide film obsolete! The original spirit of this team produced, and still produces the best digital cameras in the world. Notwithstanding their efforts, silver halide film is a long way from dead!
Can the world have "multiservice over IP" and ATM and whatever else may come along to price/outperform the these technologies - hell yes!
That is why I want the most creative, entrepenurial, intelligent, politically well-connected people in the business running the company that I own stock in. I also want to have the company named after the founder's daughter, because, who in their right mind would allow the company they founded, named after their daughter, to EVER be outdone!
Hmmmmmm, I hope that at least gives you some insight to why I believe the company will make it in the long-haul.
Regards, Keith |
