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To: GVTucker who wrote (102784)	4/21/2000 1:20:00 PM
From: Tony Viola	Read Replies (2) \| Respond to of 186894

GV, :>RE: a study that looked at the 34 hottest growth stocks at the start of 1980 and what happened to them in the next 20 years. Of the 34 stocks, 22 were acquired, merged, or went out of business. Of the remaining 12, only one outperformed the market over the next 20 years -- Intel. The other 11 underperformed the market.< That, Tony, is why I have become critical as of late of those that adhere too closely to the Gorilla strategy--the risk is higher than you might imagine. I hate to pull the different paradigm thing on you, but, back in the late 70s, early eighties, there weren't very many big, obvious infrastructure gorillas to the Internet, or anything else, as there are today, except IBM. IBM, BTW, has certainly survived. Most of the other top tech companies back then were IBM wannabees (7 dwarfs types). There was nothing like a Cisco, or a Microsoft (who?), or an EMC, or a Sun. There was IBM. The internet buildout is very unique in tech history. It shows no signs of slowing down, in fact may be accelerating in its growth (look at Cisco), with no end in sight. What else shall we do, pound the money underneath the mattress? Tony