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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Gary Walker who wrote (627)	5/27/2000 6:37:00 PM
From: Bill Harmond	Respond to of 57684

>>Efforts to value, analyze, or judge the new industry stocks differently will lead lead to further personal economic disappointment. Agreed. We're always buying future cash flows. >>People who bought ARBA at the highs had no clue about the true value of this company. What do you figure Ariba worth today? Answers like 'nowhere near $53" or "a lot less" don't help either. I don't have an answer myself. My point is the opportunity is open-ended. How to you discount back "open-ended"? It's like trying to figure what California was worth after 1850.