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To: Glenn D. Rudolph who wrote (102861)	5/6/2000 9:52:00 AM
From: John Chen	Read Replies (1) \| Respond to of 164684

Glen,re:"CMU...UofPitt...". Thanks. Any info/response is of help.

To: Glenn D. Rudolph who wrote (102861)	5/6/2000 10:34:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>I do not know one person that has gone to Carneige Mellon. Glenn, You obviously don't know many smart people.<vbg> CMU without a doubt...one the best science oriented Universities in the World, and one of the hardest to get admitted into. Trust me I know! Btw CMU didn't used to offer any BA courses...BSc only. That might have changed in this new economy.LOL

To: Glenn D. Rudolph who wrote (102861)	5/6/2000 10:48:00 AM
From: H James Morris	Respond to of 164684

>New York, May 4 (Bloomberg) -- Richard Grasso likes to joke that a New York Stock Exchange chairman who makes market forecasts soon becomes a former NYSE chairman. In an unguarded moment at a private gathering last night, the Big Board Chairman said U.S. stocks won't repeat the past five years' gains and many money-losing Internet companies will fail. Speaking at a reception for the United Jewish Appeal- Federation of New York in the Exchange's oak-paneled Luncheon Club, Grasso called recent years' gains in stocks ``Disney-esque'' and unsustainable. ``The rate of return was twice that of the 20th century,'' he said in response to a question from one of the people in the audience. ``It can't continue. We in the industry have not told this enough.'' The Standard & Poor's 500 Index gained 26 percent annually, including reinvested dividends, from Dec. 30, 1994 to April 28, 2000, compared with an average return of 11.4 percent from 1926 to 1999, according to Chicago consulting firm Ibbotson Associates. Regarding Internet companies, ``there are some great lessons in history,'' Grasso said. ``You have to separate the (technology) paradigm shift from a market mania. A lot of the dot-com world will soon be `dot-gone.''' `Dinosaur' ``I'm a dinosaur, but trust me,'' said Grasso, the Big Board's chairman since 1995. ``Revenue and earnings do count. There are wonderful companies whose business models will never make money. Ever.'' Virtually all fledgling Internet firms trade on the rival Nasdaq Stock Market, in part because of the NYSE's listing requirements. Grasso's comments echo those of many analysts and investors. Berkshire Hathaway Inc. Chairman Warren Buffett said recently he wants to buy entire companies rather than stocks because ``we do not think equities are going to be very exciting for the next 10 years.'' The NYSE chairman explained why the exchange is considering converting the not-for-profit membership organization into a for- profit public company. He anticipates new competition in securities trading, and wants the nimbleness of a for-profit corporation and the ability to raise money in public markets. ``I happen to believe in this business we're going to see competitors that have very different names. Names like AOL, (America Online Inc.) eBay, Amazon.com. If I'm right, then we had better be a public company.'' If the exchange decides to go ahead, an initial public offering won't occur until the second half of 2001 at the earliest, he said. Grasso originally called for a public offering by Thanksgiving 1999. May/04/2000 15:35

To: Glenn D. Rudolph who wrote (102861)	5/6/2000 11:03:00 AM
From: H James Morris	Read Replies (3) \| Respond to of 164684

From BW >Does anything faze Jeffrey P. Bezos? The hyperkinetic chief executive of Web superstore Amazon.com Inc. faces investors livid over Amazon's big losses and fallen stock price. People openly wonder if e-tailing is a bust. And traditional retailers, led by giant Wal-Mart Stores, are piling online. On top of all that, Bezos has new domestic chores: changing diapers for Preston, his newborn baby boy. But if he's exhausted, Bezos doesn't let on. Thunderous laugh intact, he is driving as hard as ever to make Amazon.com one of the world's great consumer companies. And he isn't letting all the hand-wringing about Amazon's high-risk strategy get him down. ``We've been called Amazon.bomb, Amazon.toast, and Amazon.org--because we don't make profits yet,'' he says. ``We're used to skepticism. In fact, it's good for us. If everybody agreed that our strategy was a winner, everybody would do it, and it would be harder to make excessive returns.'' And finally, those returns may be in sight. Most analysts think the company will turn profitable by 2002, when sales are estimated to reach $6 billion, from $1.6 billion last year. As a result, they generally view Amazon as the only e-tailer that is almost certain to survive. Even so, Bezos isn't easing up. After opening seven new online stores and acquiring nine companies last year, he says this year Amazon will step up that pace--it has already added new stores for patio furniture, health and beauty aids, and kitchenware. Tops on the agenda: expanding internationally, where Amazon currently gets just 24% of its sales. So what's down the road for a multibillionaire visionary who can't sit still? The only hint comes from Bezos' open admiration for Oprah Winfrey, on whose TV show he appeared. ``She is somebody who is totally dedicated to using her life to improve other people's lives,'' he says, and that sounds pretty good to him. But maybe he could produce that elusive profit first? By Robert D. Hof

To: Glenn D. Rudolph who wrote (102861)	5/6/2000 11:16:00 AM
From: H James Morris	Respond to of 164684

Glenn, My real Hero. > Vinod Khosla is, very simply, revolutionizing communications. The venture capitalist at Silicon Valley's Kleiner Perkins Caufield & Byers was among the first to understand that Internet technology and fiber optics could make communications so fast, cheap, and easy to install that it would unleash a tsunami of productivity growth. He placed his bets on a handful of now-hot telecom-gear companies. Khosla doesn't just spread cash, though. He nurtures startups. Then good things happen. Khosla ducklings Cerent and Siara Systems, for instance, sold last year for $11.2 billion combined. ``He wants to win, and he wants to win big,'' says Bippy Siegal, CEO of BigVine.com, a startup Khosla backed. Khosla is just as determined to get home for dinner. The father of four only misses a handful each month. Of course, it's easier to leave the office when you're one of the Valley's hottest VC hands. >RESUME: Vinod Khosla Kleiner Perkins Caufield & Byers POSITION: General partner CONTRIBUTION: Khosla was among the first venture capitalists to spot the potential of companies that sell gear for high-speed optical networks. CHALLENGE: Can Khosla find the next big thing? He's betting on companies that provide software as a service delivered via the Net. He has two in the stable right now: BigVine.com, which provides e-commerce capabilities to small business, and FireDrop Inc., which helps people collaborate over the Net.