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To: Robert Rose who wrote (70902)	7/30/1999 5:23:00 PM
From: KeepItSimple	Read Replies (6) \| Respond to of 164684

> inet revolution will continue to propel forward The internet revolution will continue, but the internet stock revolution is going to get beheaded by the mobs. The thing that sickens me the most is what the internut stock mania has done to business practices, efficiency, and hard work. When I started my first company I worked my butt off 7 days a week for 16 hours or more. I slept in my office, and pinched every penny. We didn't have big fancy corporate parties, we didn't fly first class, we didnt form our business plan with the assumption that we could lose money forever and still get rich- we knew we had to get the product out the door, on time, and within our limited budget. If we screwed up, we'd lose our entire investment, and we'd have to get a new job. We planned out our sotware and schedule and budget, we worked hard to make sure we didnt waste money, we basically did everything a business SHOULD do. None of that is needed in today's internut companies. All that is needed are some cool tshirts, some billboards along 101, a kleiner perkins investment, and an IPO. 16 hour days? Forget it. Profits? Why bother? Every single internut pushes the profit predictions so far away that everyone has cashed out their options before that day will ever come. In short, the internut mania is threatening to pervert the very essence of what young people should be learning about how REAL business works. (I'm not talking about wearing a suit, or slowly climbing the corporate ladder- all of that _is_ changing..) You work hard, you work long, and you MIGHT strike it big- but ONLY if you execute well. The internut work ethic is a bit easier- IPO AND RETIRE.

To: Robert Rose who wrote (70902)	7/30/1999 5:33:00 PM
From: GST	Read Replies (2) \| Respond to of 164684

Rob <as the inet revolution will continue to propel forward, regardless of world money flows and investment climates....> The net revolution will certainly go on, but not before US net stocks are knocked down to a degree that most here would consider devastating from an investment viewpoint. In a speculative market like the US, the nets are the speculation royalty. Movements of money as have been discussed will dethrone the nets. They are half way there. If you really want to play this dip, consider the possibility that this dip will shave 80-90% off the price of these stocks -- peak to trough -- then buy the 'dip' accordingly. BTW, this is what happened in Asia last year to all stocks in countries like Thailand, which have far better 'fundamentals' than net stocks.