Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (3598)	1/4/2000 12:26:00 AM
From: Brian Malloy	Respond to of 24042

Thread sure is busy now days, I wonder why? <ggg>. In last Fri/Sat WSJ George Gilder has one of his great mind expanding essays. This one is entitled The Faith of a Futurist. If you didn't get to read it, definitely worth going to a library to do so. Page R28, helps to fuel/calibrate the more internal visceral dimensions required of an investor; I typed out a few of the paragraphs. *********************************************************** ... The new paradigm is the alloptical network-which photonic communication ends by driving even the infitestimal mass of electrons out of the critical paths of networks. At the heart of this technology is wavelength division multiplexing ... You cannot deploy a technology so radically superior to the incumbent system of television broadcasts and phone connections without involing profound forces of social, economic, and cultural change. Because the vast flood of broadband services will necessarily overthrow most of the powers and principalities of current world industry ... For the new system to prevail, it will be necessary to explain the power of this tool to the public and to politicians. This is the campaign I described as religious, fueled by visions of change and redemption, and powered by faith. What does faith have to do with it, my critics will ask. This, after all, is a technology of facts and physics, not visions an passions. The answer is that only faith enables us to make this kind of leap. ... The investor who never acts until the financials affirm his choice, the athlete or politician who fails to make his move until too late, the entrepreneur who waits until the market is proven-all are doomed to mediocrity by their trust in spurious rationality and their failures of faith. ************************************************************ Needles to say, all of us in JDSU regardless of motive or holding period are exhibiting some degree of faith in the future. The company is being rewarded, the share holders are being rewarded, and the products that can benefit society at large and push the envelope are deployed quicker. Congrats to all of us little individual investors and the fits we are causing for the "experts". Just ignore the Ron Insana's and Alan Abelson's of the world. Not only don't they get it, they will not even make the effort to try and understand.