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To: tahoe_bound who wrote (19097)	5/11/2000 1:51:00 PM
From: rampingup	Respond to of 28311

Well said...I'm not sure where some investors get their "style" from, but one of the common themes on this board has been close your eyes, think very nice things, and everything will work out just fine. I guess 35 bucks a share kind of shatters that strategy

To: tahoe_bound who wrote (19097)	5/11/2000 2:45:00 PM
From: Pareto	Read Replies (1) \| Respond to of 28311

"out of curiosity what is your feel on the economic situation in that part of the world" When you guys in the states were enjoying the "largest bull market of history" most of the world was enjoying the effects of the Asian crises. The Asian crises affected all countries that relied heavily on a small number of export products. In Chile that is copper, wood products and fish meal. PIB went down 1% last year in pesos, 5% in dollars. Unemployment went up from 5% to 15%. Sales of consumer goods went down with 30%. Serious problems. Now slowly the country is recovering. It was a healthy crisis however, after 10 years of 7% yearly growth. So when we saw that the naz went up from 2000 to 5000 and now back to 3500, we don't feel so much that you are in pain. You may have less wealth. Some people will have problems betting their house, but those were gamblers anyway. If you want to help us out, drink more Chilean wine and come visit us. A great place with nice people. As for the economy, companies are more focusing now on the quality of growth. Copper companies have reduced their cost with 10% and have now the lowest cost base of the world. Chilean mines produce 30% of world production. The salmon industry of Chile started 12 years ago, now it is the nr. 1 producer in the world. Ask people from Alaska or Norway about it. The number of internet users has reached the threshold of 5% and is now exploding. It will double to 2M this year and internet companies are popping up on a daily basis. Internet and travel are the growth industries of Chile. We are just a click away. Chao

To: tahoe_bound who wrote (19097)	5/11/2000 3:37:00 PM
From: Pareto	Read Replies (2) \| Respond to of 28311

Dear andes_bound, "Remember that all companies now in a top position took at least five years to get there." AOL EBAY AMZN to name a few and most especially Yahoo would be surprised to hear that. Yahoo and Amazon started in 1994, only early 1999 their market cap started to reflect the potential. Microsoft started in 1982. Until 1990 they had a small market cap. For the rest, see the chart. siliconinvestor.com Conclusion: it takes time. Re: spending small money on coverage. I fully agree with Paul Allen, Bill Savoy and Russell. Build before you sell. It is their job to attend shareholders, not to feed Wall Street. There have been many analyst meetings and the objectives are totally clear, if in doubt, read their annual report. Russ will have been proud when it came of the print press. I repost your link to the Paul Allen article that is a must read for people who don't know where we are heading to: fortune.com In the interview with Bill Savoy, he explains how they are saving on cars and CEOïs, bundling cable assets. That is the right attitude to build up a company. Save costs. They had enough meetings with analysts to make their message clear. Now it is production time. Windows closed until the new cars roll out. "Most market leaders in their embryonic stages do not quibble about minor costs of business that will be recouped many times over in the future." Most companies do not pass the embryonic stage, because they don't manage minor costs. Many companies are build out of dreams, less than 0,1% becomes a market leader. "Give this lad the time to grow and become a man, before making him fully accountable." The English would say. Just my views from the other side of the Andes, Pareto