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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: MythMan who wrote (16010)3/10/2000 8:21:00 AM
From: Cynic 2005  Respond to of 42523
 
To all, excellent set of articles in the latest Fortune Magazine:

New Ethics... or No Ethics?
Questionable behavior is Silicon Valley's next big thing.

<<Together, they present a portrait of an industry awash in ... what? Greed, certainly. But something else too: an inverted dynamic, born of a stock market gone mad, in which entrepreneurs have begun to regard the capital market not as a disciplining force but as the customer. Companies are created, hyped, and sold with less concern for attracting real customers than for lining one's pockets with investors' money. The result is that participants can wear a set of ethical blinders, behaving in ways that might seem perfectly acceptable within this insular context but that, when viewed with a modicum of objectivity, look borderline at best. One can already imagine the post-mortem articles that will follow any Internet crash. SiliconValley.con, they'll call it.

"The bull market has attracted a huge number of people for whom money is the only motivating factor," says Roger McNamee of Integral Capital Partners, a Menlo Park, Calif., investment firm. He's not alone in voicing such concerns. "We're getting to the stage where the frauds are going to come in," warns Bill Joy, Sun Microsystems' co-founder and chief scientist. "There will be handwringing afterward. We've seen this movie before." Only this time the sums at stake are much, much larger, making the end of the '80s look like kindergarten. Move over, Bonfire of the Vanities. >>

fortune.com



To: MythMan who wrote (16010)3/10/2000 8:23:00 AM
From: Cynic 2005  Respond to of 42523
 
fortune.com



To: MythMan who wrote (16010)3/10/2000 8:24:00 AM
From: IceShark  Read Replies (1) | Respond to of 42523
 
rambo doing a 4-1 split. That should wipe out anyone still short the sucker. -ng- Holy shit, it's going across the tape at 420! -g-

Dell upgraded by some joker to 78 price target from 50, in accordance with that tech analyst's comment that the hardest thing about his job was trying to keep up with raising his price targets fast enough. That ought to finish off Luc's short.

Looks like another gap up start to the dung as per required by law.



To: MythMan who wrote (16010)3/10/2000 8:52:00 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 42523
 
yep...just don't think there are no institutions speculating in BB stocks.