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To: BGR who wrote (33362)5/16/2000 11:03:00 PM
From: Les H  Read Replies (2) | Respond to of 42523
 
The large proportion of earnings attributable to investment gains is probably the point Mike was trying to make. I was adding in the smoke-and-mirrors accounting and the large number of non-profits that are just seeking to sell stock. Considering that vast majority of the IPO and VC-funded companies in the past two years are overwhelmingly nets, that would tend to leave most other industries. Yes, I know your bias.