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Technology Stocks : Vari-L (VARL) -- Ignore unavailable to you. Want to Upgrade?

To: Mark Oliver who wrote (1940)	2/22/2000 3:16:00 PM
From: Robert Sheldon	Respond to of 2702

Yes, WAP is an interim solution, but how long is interim? 2 years, 3 years? WAP is moving fast. How does it scale into the next generation? I don't think your concerns have missed most people's attention, but it just easier to see for now WAP is king. So you are saying the current valuations support a TWO YEAR CASH FLOW? You have to be kidding me. These companies have multi-Billion dollar market caps, and you think those market caps can be supported by two (oh heck, let's say four!) years worth of revenues. Not on my watch. Talk about the current market going to folks heads . . . these sorts of valuations will not be supported once the cracks bring the wall down. This is no time to be using the greater fool theory for investing. I really am stunned. I was worried that my performance in 1999 would jade my views, but folks who make statements like you just did, leave me feeling quite embarrased that am so conservative. Maybe I should run out and play the greater fool theory too? Nah, I'm already making very nice returns investing in companies that have good business cases.