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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: GuinnessGuy who wrote (26057)	3/6/2000 12:17:00 PM
From: Greg Hull	Respond to of 29386

Craig, I thought your posting on the G&K thread today had application to this thread as well. I hope you don't mind me reposting the link here and the few pull quotes below. Geoffrey Moore (of Gorilla Game and other fame) has written a new book called Living on the Fault Line. Craig posted a link mercurycenter.com to an interview with Moore. Here are some points he made: <<if you are going to manage for shareholder value the No.ÿ1 lesson is that investors are evaluating competitive advantage. They want to put their money behind whoever they think has competitive advantage. >> <<The market is very good around relative valuations of stocks. So if stock A is worth $100, the market is good at saying stock B is worth $130. What it's not good at is finding out whether $100 is the right number to start with. And so periodically the stock market gets significantly overvalued or undervalued. And it needs to correct. But when it corrects, it will correct in the same pecking order>> << If you look at all the writing about Silicon Valley or the Internet, you find that people are writing to three mythic patterns. The myth of the fall. The myth of the paradisio golden age. Or the myth of the hero who makes good. And so they pour company after company, into these literary forms. The game is to start looking at the world in terms of Darwinian forces that are selecting things. The correct metaphor for looking at all this is that this is a natural selection process in which capital is the key nutrient. But don't get moral on either side of this game. The notion that the righteous will be rewarded and the sinners will be punished, that's really the wrong metaphor. >>