I don't think so...if anything it enhances the good companies like Yahoo and Lycos. Sometimes competition is a good thing. You are talking about the internet..the biggest...fastest growing media in the world. You think the internet is a big thing now. I don't. We haven't even scratched the surface yet. Couple of years ago...not many people did much except " surf " the net. People were tentative to buy a book for $9.95, let alone a $4500 computer system or $40,000 automobile. As we progress thru time...more and more people are doing and buying more on the net. Businesses and industries are flocking to get their products and services on the net. The bottom line is the internet aint nothing right now. Look at the % of households with computers...growing fast...isn't it ? What about this web tv thing? A system designed specifically for the family to surf the web on their TV set. Everything is just begining, not ending. Will the market correct? I'd venture to say yes, eventually...and quite a few times, at that. But in the long run...if the economy does not collapse, the internet is the future...the surface hasn't even been scratched yet. Who will propser ? The good one's, of which I consider Lycos to be one. Will the small boys get pushed out. Yes. Or Bought out ! But the folks like Yahoo and Lycos will be around for awhile, and who knows..could join forces down the road...I see alot of " merging " happening between these internuts over the next 5 years...who merges with who...is anybodies guess. Anyway, if your worried about short term fluctuation...then yes...get out because this is not the stock for you. If you want good long term gains.....I couldn't think of anyplace I'd rather be for the long term.
Best wishes |
