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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (3541)	12/12/1999 10:55:00 AM
From: Rupert	Read Replies (3) \| Respond to of 15615

Those Frontier VC investments seem like great hidden value. If you look at the valuations currently being given to companies in the hot networking equipment arena, even to recent IPOs at a fairly early stage with tiny revenues (i.e. SCMR), there must be at least several billion dollars of possible market cap locked up in those venture investments. And even better is that Frontier, a possible consumer of this technology, chose to invest in these companies. Add on a few billion value just for that! What do you think? (OT) Actually JDN, I'm not so sure. In fact you definitely _would_ want one of these 22 year olds managing your funds. In the last three years, funds like MNNAX (which holds GBLX) with young managers have been spectacular. 22 year olds are generally not conservative, have a long time horizon, and have no problem seeing what is going on at the moment as the next industrial revolution. As Jim Cramer pointed out in TheStreet.com on Friday, those (older) money managers who have been telling you for the last three years that net and tech stox are overvalued have been completely wrong (at least so far - but even a stopped clock tells the correct time twice a day), and this recent rally has seen these guys basically eating it and buying the stox of companies like EXDS and YHOO that are obviously gorillas at a massive premium. As for having a formal education, I like Gordon Gekko's line in the movie 'Wall Street': "these Harvard MBA types don't amount to *******, give me guys who are young, hungry, and no feelings". Even runts like me are being quoted in USA Today these days: usatoday.com (they contacted me cos of my posts on the FMKT board) That TV commercial you are thinking of is Ameritrade and the guy's name is Stuart.