Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: Alejandro who wrote (9846)	12/29/1998 11:33:00 AM
From: DreamWeaver	Read Replies (1) of 12468

Ali, The "tulip bulb" story, along with many other "boom then bust" stories (one I remember well was a group selling customers a value proposition that was so secert that it could not be revealed to the customer -- kind of like "just send me money, and keep sending it until I tell you to stop", -- is contained in a softback entitled "A Random Walk Down Wall Street" by Burton Malkiel. Which ironies or ironies I bought from Amazon.com !!! Re: My Gates problem: I'm sure that Bernard could pick up from across the room that this is an apples to oranges situation. And to really do a fair analysis one must turn Gate's $150 per sec. earnings into post tax dollars... So, my kids and I perform numerous samples X=5, and figured that it would take ol' Bill on the average of 8.5 sec. to pick the bill up and stick it back in his pocket. Now check my math but: $150/sec. times a 65% tax rate equals $97 in post tax earnings. Assuming the 8.5 sec. pick-up scenarion that still equates to a breakeven level up to and including $828.75 on the ground. This all is also assuming that the money on the ground was Bill's to begin with ! Regards, Must go make some money of my own. DW

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