<As it happens, this is not an IBM or GE or Sony, nor a DEC or Sun or MSFT. So measured against all companies anywhere it is not so big, >
"I may not be able to back Sal being an expert, but I will back his NSCP statement. He says NSCP was a third tier performer. For many investors, NSCP has destoyed enormous amounts of capital. It is highly volatile without the requisite reward to justify it. It has probably the most precarious competitive postition in the industry."
Well, I sit here on Friday night, having watched the search stocks start to crumble at last. What would you say is more risky tonight - NSCP or YHOO?
Having said that, I'd like to mention the money I made buying puts on NSCP. So I don't totally disagree. But Sal, as I understand it, said something like '3rd tier internet stock'. If not, and he simply said, '3rd tier stock', or something close to that, then he is right, as are you.
"and what exactly did NSCP invent?"
Good question. A more careful reading of my letter will reveal that I said they did not invent... Perhaps you would like to disagree with something I actually took a position on?
"Oh yeah, I am an expert, so feel free to challenge me."
You are, as many have noted, a legend in your own mind when it comes to high finance.
I will say you have lately learned that less is more when writing, and that you are taking a notably more reasoned tack towards the other SI participants now. I salute you.
Cheers,
Chaz |
