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To: Bill Harmond who wrote (87085)	12/11/1999 2:48:00 AM
From: KeepItSimple	Respond to of 164684

>You are watching the Internet leadership get rewarded for the productivity > it's bringing to the world. Amazing that with all that "productivity", only two or three pure play internut companies turn a profit- and most of that profit is interest income from the secondary offering proceeds. I think the real answer is easier- we've created an entire industry of companies that exist solely to sell stock to the public.

To: Bill Harmond who wrote (87085)	12/11/1999 12:36:00 PM
From: Eric Wells	Read Replies (1) \| Respond to of 164684

You are watching the Internet leadership get rewarded for the productivity it's bringing to the world. William - the productivity enhancements are real, however, their magnitude is the subject for debate (is a worker really more productive if working hours are spent shopping on line?). I believe, however, that the profit-making opportunities made available through such productivity enhancements are greatly exaggerated. And the rewards being paid to shareholders and executives of internet companies that are attempting to take advantage of such profit-making opportunities - well the rewards are excessive. -Eric