Harold and all...
We're all pretty much aware of how multi-purposeful our Wave Chip System will be when we get the chance to strut...
Here's some reading related to our interests. Don't ya wish Wall Street would favor Wave Systems with the same exuberant insanity?
Internet Stock Valuations
You know the valuations of many Internet companies are crazy--but just how crazy are they?
By Geoffrey Colvin
When Amazon.com announced in mid-November that it would sell videos online, its stock soared 22 points, and its market cap rose by $1.2 billion. That and a 3-for-1 stock split gave Amazon, with a value of $9.4 billion, the ability to buy the entire gross domestic product of Iceland--and 12 Boeing 747 planes to travel there. The goofy Internet auction business eBay, which gets 8% of its revenue from traders swapping used Beanie Babies, claims a market capitalization of $5.9 billion. That's almost three times the size of U.S. Steel.
Wall Street traders are hard-pressed to explain why secondhand junk is worth more than steel. That may be because this mania simply defies rational analysis. The Dow's late-summer drop seemed a reality check, but now valuations are more ridiculous than ever. In their fervor for Internet-related anything, investors have transformed companies without profits--not to mention products--into some of the most stock-rich businesses around.
Theglobe.com, nothing more than a Web hangout for surfers, just went public in November, and the stock is up 400%. The granddaddy of them all? That's Yahoo!, with a whopping $18.8 billion worth of stock value. It's bigger than Luxembourg.
and some stuff on privacy...
wired.com
Sincerely,
Marty
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