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Technology Stocks : New technology that screws up other new technology

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To: Geigartt who wrote (2)	1/9/1999 2:21:00 PM
From: David S.	Read Replies (1) of 20

somewhat correct. Nobody has taken the trouble to net out of what are called revenues of various net companies, what would be similar to transfer payments from the left pocket to the right pocket. After netting - sorry to use the term netting - no pun intended - netting out that amount, then we'd be able to see the true "organic" growth of web-enabled companies. For example, how much of web revenue growth is being taken from non-web advertising, etc. A lot of reported revenue of these firms is also just the spending of IPO money - company A raised $30 million in an IPO and spreads it around and it shows up as revenue on company B's income statement.

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