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Technology Stocks : America On-Line (AOL)

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To: KM who wrote (3819)	1/28/1999 9:47:00 AM
From: Tunica Albuginea	Read Replies (2) of 41369

Trffflette, AGreenspan on CNBC right now: A senator asked him about" is Internet stock buying a mania ?". AG said, " well senator, there would not be a mania unless there was something very attractive under it. And it looks like e-commerce is the wave of the future. So people see this GIANT PIE IN THE SKY and are willing now to pay a premium on it. It is like a lottery ticket: per se it has no value as a piece of paper. But you are willing to pay$10 for it because you are looking at the potential wins down the line ". There: a well thought out response by AG :-) TA

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