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To: MileHigh who wrote (4754)	3/7/2000 12:19:00 AM
From: MileHigh	Read Replies (2) \| Respond to of 15615

Monday March 6, 10:05 pm Eastern Time U.S. economist sees 12-18 months more of tech boom SINGAPORE, March 7 (Reuters) - A leading U.S. economist said on Tuesday the boom in Internet-related shares could last another year to 18 months before values return to more realistic levels. ``We are in a long boom...but e-values in 12 to 18 months will migrate back to the non-e-world...through a lot of consolidation and acquisitions,' said Gail Fosler, chief economist with the Conference Board, a leading U.S. business research organisation. ``The bubble is going to be with us for a while.' ``Investors are throwing a lot of capital at a sector with almost no barriers to entry,' she told a meeting of the American Chamber of Commerce in Singapore. In many cases, only a small percentage of the share capital of Internet and high technology companies is publicly traded, leading to inflated scarcity valuations. Fosler said the Internet boom was having a profound effect on U.S. economic expansion. ``Information technology is driving over 30 percent of U.S. economic growth and represents nearly half of all business investment in plant and equipment in the United States,' said Fosler. It has also led to falling unit labour costs. She expected a growing number of open auction markets on the Internet where, for instance, customers could bid for a company and end up owning it within hours. (James Poole, Singapore +65 870 3837 email: james.poole@reuters.com)

To: MileHigh who wrote (4754)	3/7/2000 10:43:00 AM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 15615

Tactics vs. strategy. Remember our discussion last summer about whether Nachos N' Cheese or Annunziatta got the better part of the deal in the US/West and Frontier deal? Some of us (like your truly) felt Annunziatta made a tactical retreat by giving up USWest to take the more digestable Frontier? Looks likes Nachos is stuck with a big white elephant, he is no closer to consummating the deal now then he was 9 months ago. A deal with DT has deep sixed because of the US West fiasco. And Frontier is merged, up and running. DocStone