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Technology Stocks : Frank Coluccio Technology Forum - ASAP -- Ignore unavailable to you. Want to Upgrade?

To: jack bittner who wrote (1514)	4/28/2000 2:53:00 AM
From: Frank A. Coluccio	Respond to of 1782

Excellent post, Jack, and very funny in one spot. "...no doubt somewhere in these archives you've all discussed terabeam and airfiber. so perhaps all i need is a reference post for this." Yes, we've discussed Terabeam here some, and to some degree discussed some of the improvements they've allegedly incorporated in their design, compared to earlier generations of i-r free space gear. Air Fiber and OpticAir from LU also have improved designs, but these are primarily designed as point to point systems, whereas TB's is point-to-multipoint. Here are some of the posts that I've made here, and you can link up or down from any of them to see what others have had to say. Message 13414627 Message 13414627 Message 13420963 Message 13461563 Also, try eyeballing the list for some Dave Horne's messages where he's posted some excellent product descriptions, as well. And there are many more producers of i-r systems, incidentally, than the three we've been discussing here. For example, the three makes who I was most familiar with right up through 1996 when I was assisting the city university system here, were American Laser Systems, Isher Systems, and Silcom Ltd. Isher, which was a small independent military supplier turned civilian enterprise, is no longer in the same business, due to the death of its owner during the transition period. I'd like to look more closely into NT's move in this space. FAC

To: jack bittner who wrote (1514)	4/28/2000 3:27:00 AM
From: axial	Read Replies (1) \| Respond to of 1782

Jack - On the heels of a definition for "ascendant" your statement, "if the stockholders will agree that the company is worth 100 times estimated revenue, it WILL be worth 100 times provided they also agree that estimated revenues are a sufficient basis" goes right to the heart of the matter - the matter being the investor's question - "Just what am I investing in?" In the fields of biotech and comms, it has become almost impossible, sometimes, to know what exactly is going on. Your statement reminds me that investing in high-tech, these days, is something like a game we used to play at parties, when I was a kid: the "mystery bag" game. A brown paper bag, bid a nickel, bid a dime, bid a buck. What's in there - a ten dollar bill, or a wad of crumpled newspaper? And, as you say, Jack, until the moment you open that bag you have bought, you don't know what it's worth - you only know what others will pay for it. I'll paraphrase Ray's wonderful remark about "vaporware, re-invent-the-wheel ware, we invented-it-here ware, never-gonna-see-it ware" (sorry, Ray, couldn't find your post); it feels like some peculiar lunacy has hit the markets. The paradox of the internet - knowledge flows instantly and freely; the more you learn, the less you know - leaves one clinging to the rock of Common Sense as a last resort. It's not enough, sometimes: we get washed away by a wave of unrealistic hype, investor frenzy for another brown paper bag, for the "ascendant" technology, the "gorilla" stock. The Terrorbeam, indeed... but methinks the terror doesn't lie with the technology: it lies in huge expectations behind it.