George Gilder - Forbes ASAP Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : George Gilder - Forbes ASAP

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Biddle who wrote (706)	9/8/1998 1:02:00 PM
From: Sam Citron	Read Replies (1) of 5853

John, I would not expect an island of stability in the telecom equipment sector. As much as I like the long-term outlook for LU and CSCO, these stocks are not exactly cheap. Both are solid members of the Nifty Fifty. Message 5692949 Considering the current fragility of worldwide economic conditions and the shakiness of financial markets, I would not expect these shares to escape the anxiety of stock markets generally. They will probably come down to more reasonable PEs before resuming their more traditional upward trajectories. I tend to feel that the significant ratio to keep in mind is the subjective bandwidth/content ratio. Why do you need 60 channels of TV if the content is largely garbage? Why spend money on your website if click-through on banner ads is negligible? Why expand your network if the entire business model rests on the necessity of unrealistically high penetration rates? With so much capacity out there, and with Net stocks like AMZN at tulipmania levels, how do you justify investment in the bandwidth augmentation business? Sam

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next