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To: jghutchison who wrote (7823)	4/13/2000 11:43:00 AM
From: Innuit	Respond to of 9068

NASDAQ is going through a painful cleansing. People have been buying any company with a whiff of Internet, or was high tech without knowing what the company did or if they made any money. I expect the shakeout to end as follows: 1. the survivors who will flourish (sustainable earnings: eg. CSCO, MSFT, SUNW, ORCL, ADBE, CTXS, IBM, HP, INTC, NT, AOL, GE etc). Lets face it; these are now OLD TECHNOLOGY companies who have large growth rates. Yes GE is high tech. Check the MRI in your local hospital. 2. the companies that have sustainable revenues that may survive and if they do they will flourish (relative to market cap low or no earnings yet: eg. yahoo, AMZN, WebMD, etc). 3. the companies who will vanish or be taken over because they have no real sustainable revenues. Nasdaq should never have allowed companies without real revenues to be listed. The vast majority or the dot.com stocks belong on some other exchange. There are many dozens like this. Once this shakeout occurs the group 1 stocks should hit their old highs and keep going. Group 2 companies will go into either group 1 or 3 depending on whether they can turn revenues into reasonable earnings. Group 3 will go into the history books.