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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (70821)	11/21/1999 7:47:00 AM
From: Earlie	Read Replies (1) \| Respond to of 132070

Wayne: Your commentary is right on. I love the irony of the situation. Here we have two men, both elderly and reaching that time in their lives when the "scratch in the sand" is important. Both superbly brilliant, both steeped in experience and both rich in their understanding of the markets. One of them, arguably among the richest men on the planet, is going out of his way to try to educate investors about the perils of the current mania, and the other, one of the most powerful men on the planet, going out of his way to extend that same mania. I wonder which will be remembered most fondly when they depart this planet? Best, Earlie

To: Freedom Fighter who wrote (70821)	11/21/1999 8:58:00 AM
From: gnuman	Respond to of 132070

Wayne, what's your take on the VC role in the bubble? I get the sense the "Sand Hill Road" fraternity has turned into mania alchemists. I remember the days when company's required at least two consecutive quarters of profitability before they were taken out. Now all that's required is a dot.com business. Are there restrictions on VC stock, or can they unload after an IPO?