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Technology Stocks : America On-Line (AOL)
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To: Sonny McWilliams who wrote (16946)5/13/1999 3:06:00 PM
From: Philip Williams  Read Replies (1) of 41369
 
Booing Lou for Unsportsmanlike Conduct
By James J. Cramer

5/13/99 1:53 PM ET

Lou, say it isn't so? Every old-line hardware company loves to say that it does more
business on the Net than Net companies do business. But did you, Mr. IBM
(IBM:NYSE), have to point fingers? Did you have to knock everybody on the Net
now? That was unsportsmanlike. Fifteen yards. A major. We Net entrepreneurs
don't need to be told that we haven't done diddly compared to you and those people
in your ads sitting around waiting for the meeting to begin or yelling to each other
and high-fiving in the desert. Or Dr. Seuss with the Socks, what the heck is that
about?

What gives?

The DOT ain't doin' squat 'cause of Gerstner's speech glorifying IBM's Net role and
denigrating everybody else. We have heard this speech from Sun (SUNW:Nasdaq).
And we have heard it from Cisco (CSCO:Nasdaq). And we have heard it from
Oracle (ORCL:Nasdaq). And we have heard it from Dell (DELL:Nasdaq). But not
once did any of those guys put the knock on those of us who went into this Net
business when, unlike you, it wasn't that fashionable. They praised us, not buried
us.

They didn't view this as a giant zero-sum game. They didn't have to bash the
pioneers, who will ultimately be your customers.

Sorry, Lou, in my eyes, you are no longer sweet. I am not Louing -- I am BOOING.

Had to rant. And to sell my IBM.

Back to work.
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