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To: GST who wrote (51576)4/16/2000 11:40:00 AM
From: Hawkmoon  Read Replies (1) | Respond to of 116779
 
GST,

I you wish to categorize the entire stock market as nothing but internutz, then you might have a point.

However, just because the valuations have become extreme with many of those companies, one should not underestimate the power that ecommerce will ultimately play on the overall economy. This will likely be accelerated with broadband and set-top boxes that connect everyone to everything they want to know or shop for. You shouldn't forget that only a small percentage of US consumer shopping is currently done online and that percentage can only grow larger for the immediate future.

Eventually, it will probably be a combination of bricks and clicks that emerge to probably be the winners on the internet, with both shops/stores and a cyber-catalog that you can order from with certain discounts. But either way, competition will continue to apply pressure on margins and keep inflation and prices under control and boost productive efficiency.

Btw, there are several internet companies that ARE profitable and likely to continue to be that way because of the strategic alliances they are making to ensure a pipeline to an audience. AOL and GNET are two that come to mind. And watch AOL now that they have bought themselves into respectability. They will become a force to be reckoned with.

Regards,

Ron