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

To: KeepItSimple who wrote (2404)	1/5/2000 6:38:00 PM
From: Cheeky Kid	Read Replies (2) \| Respond to of 3543

Mr. Simple, Computer EXPERTS predicted Y2K doom and gloom for years. What happened? SQUAT! You write code, woopeeDUE-DO. So did all the Y2K doomers, and some sold everything and "moved" to the boonies to avoid the end of the world as we know it. Heh, guess what? Y2K was a NON-EVENT! HEH, take a peek at this...LOL Message 12466981

To: KeepItSimple who wrote (2404)	1/5/2000 6:48:00 PM
From: Zog	Read Replies (1) \| Respond to of 3543

Good response - the problem is most of the computer wiz kids have never taken a course in economics. They are in love with the technology, but they do not understand the real economic effect of the internet - there are no really barriers to entry, so margins will be near zero, and thus there will be no huge profits!!! As the industry matures, the barriers (what little there are) will lessen even further - who cares who came first or who lasts longest, they will always be subject to profound pricing pressures (the company, not their stock, at least not yet!).