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To: H James Morris who wrote (96141)	3/12/2000 4:14:00 PM
From: Victor Lazlo	Read Replies (2) \| Respond to of 164684

<<Imagne any of this happening in France or England. not likely. Victor, I resent this. >> Why? I was talking about venture capital and investment $$, not technology aptitude. England now has no home-grown venture capital firms. It is all now being done by firms based in US and other countries. The English simply do no tknow how to do VC- they don't understand it, and they gave up trying to. Also, the class-oriented nature of England would prevent a kid from a blue collar family from getting start-up $$, even if he had invented a perpetual motion machine. You have to be from the right strata, and have attended Eaton, etc. And you'd better be male, too! As for France - it is a socialist state that rewards inneficieny and rewards workers for not working. Do you know in England, there's a community of entrepenarial emigrants from France who left for England so they could start /grow their businesses? In france, their native country, they learned there was no way to succeed under the soffocating intrusion and taxation of the govt., and the entitlement attitudes of many in the workforce. This group tries to support each other and help each other out. The govt of France also gave up on its own version of the internet- the Govt tried to block out the rest of the world's internet because they didn't want the cultural pollution from the rest of us!! True. <<What you appear not know is that England is on the leading edge of Internet technology. Did you know the most highly regarded university in the world for technology excellence is Cambridge, not MIT. >> Doesn't mean a thing. They cannot bring it to market. They have to come over here, to Calif, set up, and get the $$ here. Show me the English equivalent of Kleiner-Perkins? Or MSDW, for that matter! Victor

To: H James Morris who wrote (96141)	3/13/2000 5:31:00 AM
From: GST	Read Replies (1) \| Respond to of 164684

H James: Been on the road. I found "free" internet in China this time -- what surprise!! I am in Tokyo today -- took a tour of the "stock exchange" -- not much to see in a semi-automated system. In two months they open a new "trading floor" but the system will be fully automated!! I asked the lady who was showing me around what the guys will do on the floor -- her answer?? She said "I don't know, it is a very political issue" i.e. nothing. Got to watch Docomo go into meltdown. Want to know what the exchange traders do as th stocks plummet?? They twiddle their thumbs cause they are not market makers. Very strange. Off to dinner - p.s. if you've got them, sell them. We are going over the falls. Good luck and good night.