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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Cheeky Kid who wrote (2403)	1/5/2000 6:31:00 PM
From: KeepItSimple	Read Replies (2) \| Respond to of 3543

>So you think Internet investors are just investors in massive numbers > all jumping on the train? Yes, without a doubt, that is EXACTLY what is happening. > You have no working concept or understanding of the Internet do you? You poor, ignorant, fool. I was writing TCP/IP stack code before microsoft ever bothered to include it in their OS. I have more knowledge of the internet in my little finger than you have in your entire body. And I can tell you, the vast majority of internet companies are designed to do just one thing- sell stock to the public. I live in silicon valley, and I know dozens of people in these companies. You, however, seem to have been reading a lot of science fiction and watching your YHOO stock go up and have an apparent inability to get your head out of your ass and realize we are in a financial mania. The one thing the internet WILL do effectively is destroy pricing ability. Ever wonder why there's not a single damn company making a profit on the net? You'd think there would be at least _one_ pure play internet company out there making a profit if the medium were going to change everything. Even Yahoo would be in the red if not for their interest income on the 700 million in secondary cash sitting in the bank. Intel/Microsoft/Cisco are the ones making the cash. They are selling the picks and shovels to all the idiots running after fool's gold. Here's a dime. Please come back when you have purchased a clue.

To: Cheeky Kid who wrote (2403)	1/5/2000 6:49:00 PM
From: BelowTheCrowd	Read Replies (2) \| Respond to of 3543

> The Internet will change EVERYTING. That's just the way it is. < OK, I buy it. What I don't buy, is the presumption that most companies affiliated with the internet will become profitable. International shipping changed everything, but most of the shipping companies -- even the ones chartered by the largest and most powerful trading nations -- went broke and many of their investors lost everything. Later, the railroads changed everything, but most early railroad companies went broke and many of their founders/investors lost everything. The automobile changed everything, but most car makers from the early years went broke and many of their founders/investors lost everything. Both of those revolutions were accompanied by huge speculation in ANY company even marginally attached to the "hot" business. Few of the original companies survived. Most of the ones that figured out how to make money with the new technology came long after the "revolution" began. Same is probably true today. It is fairly clear to me that AMZN will NEVER make money in its present form. They just had their best selling season ever, and when all the dust cleared we found the same as always "bigger sales, bigger losses." The promised shrinking of losses as the market size grows just hasn't materialized. The constant refrain "just wait until we're bigger" worked a couple of years ago, it no longer does. So it seems that we're in partial agreement. I agree that the internet changes everything. Disagree with the premise that the current crop of stocks promises to deliver much profitablity from the change. I'm looking hard for the ones that will... mg