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To: re3 who wrote (75309)11/13/1999 9:59:00 AM
From: accountclosed  Respond to of 86076
 
A senior official of German software group SAP said on Saturday he believed the court ruling against Microsoft Corp. (NasdaqNM:MSFT - news) was misplaced, and that only a handful of Internet firms would survive in 10 years time

...

Apotheker predicted Internet stocks would follow the pattern of power and rail companies in the Twenties and Thirties.

''In the 1920s and 1930s there was a boom in the number of electricity companies and railway companies and in the end only a few of them survived. The same thing will happen with the Internet (companies),'' he said.

''At the moment people are looking at all of them. And if you look at the market you'll see they're all overvalued. I think in 10 years, or even three -- it's hard to tell -- there will be a big purge.''


biz.yahoo.com




To: re3 who wrote (75309)11/14/1999 10:27:00 AM
From: MythMan  Read Replies (1) | Respond to of 86076
 
How about the SOX? It's trading at 19 times sales. Historically it has traded @ 2 times sales near the peaks. These are truly new times.