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Technology Stocks : The Learning Company (TLC)

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To: paul richards who wrote (5728)9/19/1998 1:55:00 PM
From: Thomas C. Donald  Read Replies (1) of 6318
 
Paul: You posted the following:

"if you believe in the -ve wealth effect of the stockmkt, then TLC as well as others, are doomed"

While I may be misinterpreting your statement, it seems that you are suggesting that, because of the problems in Asia which have put a damper on the stock market, consumers are going to forgo purchases of $20 to $40 items considered important in the education of their children. This seems unlikely to me; of course, you are certainly entitled to your own opinions.

Last month I posted the first part of an editorial from the Wall Street Journal on this subject which you might want to re-read.

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