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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: Dave B who wrote (23823)	6/28/1999 2:36:00 PM
From: Dutch	Respond to of 93625

Just wondering if anyone read the "No. 1 Can Be Runaway Even in a Tight Race" article on the front page of the WSJ. The thought of valuations and market expansion through acquisition that accompanies the No. 1 player can boggle the mind. The theory written by Robert Frank, in his 1995 book called "The Winner Take All Society", is investors flock to the No.1 player. As those $$$$$ roll in profitable acquisitions are made that further widens the gap with the competition. The top minds also flock to the No.1 company compounding gap even further. "The competitor begins to compete intensely for mindshare of customers, investors and talent. The result is that momentum builds for the competitor that "got it" first, and its market value explodes," say Adrian Slywotzky, a Mercer VP in a recent book called "Profit Patterns" An example is Nike(4Billion)1992(10B)1998 vs Reebok(3B)1992(2B)1998. As Rambus blows by its Dram competitors we may not even comprehend what the business model would look like in 5-10 years depending on the acquisitive nature of our some what secretive management. Sweet dreams; the extrapolation is kind of fun though and its not even going to be a tight race. Thx. Dutch