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Technology Stocks : IMOT, the Yahoo of China??

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To: kathyh who wrote ()3/16/1999 5:27:00 PM
From: Jaknik2  Read Replies (1) of 781
 
Food for Thought:

Chief executive of Compaq Computer Corp, Eckhard Pfeiffer said in an interview in Tokyo that the strength in U.S. Internet stocks was justified taking into consideration the future value that will be generated by the new industry. ''I don't think the Internet stocks are overvalued at all, frankly,'' said Pfeiffer, head of the world's biggest PC maker.

Before visiting Japan, Pfeiffer had been in China to open the country's first online bookstore in Beijing. While there, Pfeiffer pledged to invest $30 million in the Chinese market over the next two years, mainly to promote the electronic commerce business. ''The entire strategy for Compaq for the future is Internet leadership,'' he said.

Reuters
Tuesday, March 16 1999 02:23 PM EST

I guess the CEO of Compaq is a Commie and real dummie too boot, right?
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