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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (12578)	8/7/1999 6:50:00 PM
From: pat mudge	Respond to of 18016

1. I suspect that for most of your friend's adult life, he's seen Interest and Inflation rates much higher than they are today. 2. He's probably also seen Revenue and Earnings growth rates much lower than that which is most probable for the companies mentioned. 3. And if he's old enough, his outlook may be obscured by the results of the depression or his parent's experience with it. I doubt if he experienced the depression, but he mentioned investing back in '63 ---- when the only investing I was doing was sending love notes to boyfriends in studyhall. :)) To tell you how conservative he is, when he son started a Silicon Alley Internet music company [N2Music or something like that], he refused to seed him even though his wife did. Well, it was recently bought out at some stellar price and he's eating crow --- and loving it! This was the kid who stayed up all night, slept all day, and drove his career-IBM-turned-telecom dad crazy. At any rate, your points are all well taken. Gotta run. . . taking Linds to see Runaway Bride --- a cautionary tale for kids who think they know everything. Pat