Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Mad2 who wrote (2863)	5/20/2000 3:36:00 AM
From: Dale Baker	Read Replies (2) \| Respond to of 3543

Hi Mad - it's safe to say we have seen more than a 20% drop and the end of the five-month runup that started in October. I am still very interested in this chart - quote.yahoo.com^IXIC&d=5y - because when I trace the average slope from left to right over a long period of time, I only see the Naz regressing to the mean, not breaking. That's why I wouldn't call the end of the tech bull yet. The underlying technologies are still growing like a weed. The question is how the market will value the best tech companies going forward, and which will survive the shakeout. TRRA has been a great short lately. That is one example of the "re-valuation" that should go on in a tougher tech market. Regards. PS Seeing other low-rent permabear posters here gloat and dump on everyone else makes me think that a bottom is starting to form. It's also a funny quirk of human nature; they howled with pain that their wisdom was ignored before, now they claim the right to dictate the market analysis orthodoxy. As my daddy always said, living well is the best revenge. And I am still living well off what I have made in the market since last year. Head very much intact and in place. I can't think of a traditional Wall Street manager who wouldn't give his nextborn child for the returns that many longs have racked up in this market. Especially since many did so badly by drastically underperforming the averages since 1997. It's all about how much money you make over time, not who's ahead or behind this week.

To: Mad2 who wrote (2863)	5/20/2000 10:05:00 AM
From: Razorbak	Read Replies (1) \| Respond to of 3543

"DEN Announces Plans to File Chapter 11" Digital Entertainment Network, a startup online entertainment company, told its 150-person staff yesterday that it has run out of funding and can no longer pay employees, according to Reuters. The Santa Monica, Calif.-based company, which was backed by high-profile investors including Chase Capital Partners, Microsoft, Dell, NBC and former Warner Bros. co-chairman Terry Semel, said it plans to file for chapter 11 protection as soon as possible. DEN had already laid off more than 100 staffers earlier this year. Since it launched in 1998, the site has been sharply criticized for lavish spending on its two facilities and top execs, management shuffles and a sexual harassment lawsuit against co-founder Marc Collins-Rector by a 20-year-old, which many in the industry said had tainted the company's brand identity, crippling its fund-raising capabilities. In an attempt to make a comeback, DEN tried to appeal to its young audience, industry naysayers and investors with a flashy new site and original content, but financiers decided not to pump more money into the startup. DEN had raised $60 million to date, and last month announced it would halt production on its original slate of shows, which targeted such audiences as Christian teens and extreme-sports fanatics, and would acquire content from outside production houses in order to cut rising costs. An IPO filing, which would have sought out to raise $75 million, was canceled in February. abiworld.org