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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Mike Buckley who wrote (29422)	8/5/2000 4:57:16 AM
From: Seeker of Truth	Respond to of 54805

The internet changes EVERYTHING. Mike it shouldn't change our concept of price and make us lose a fortune on .com stocks. I well remember when semiconductors began to loom on the horizon in a big way. There were no adjectives (and adverbs) spared. Actually the reality turned out to be even greater than the poetry promised. Everywhere relatively reliable and cheap entertainment machines, i.e. TV, tape recorders, portable radios, walkman etc., communication devices i.e. fax machines, cell phones, and most important of all, computers blossomed like dandelions in the spring. The world has as a consequence been greatly changing. The information society has arrived. BUT BUT BUT you could have lost your shirt on any number of transistor companies or even integrated circuit companies. Only two important companies survived. One was Texas Instruments, the other was a comparative late comer, i.e. Intel. Mike, oppose the futurist guy inside you. Long live the traditional valuationist M. Buckley! Indeed we are not historians, we are concentrating on the future. Most of us are willing to pay 300 times the latest earnings for companies like gorilla NTAP and king JDSU but that's because their growth rate seems to us to match the price. But the internet hasn't changed EVERYTHING. This post has no new info, only propaganda. Sorry about that.