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To: Voltaire who wrote (28125)	8/7/2000 12:20:24 PM
From: Allan Harris	Read Replies (1) \| Respond to of 35685

Re: NO CRASH IN OCT I would normally be looking for a "buying opportunity" in October (now isn't that a better way of describing such matters?) simply because, well, it usually happens. But this being an election year and since election years normally have a bullish second half, I think all bets are off concerning a nasty Fall. Especially encouraging is the outright negative sentiment being exhibited by the Internet TA experts, all of whom as best I can tell are expecting tech stocks to get decapitated at any time. Bought more RMBS and initiated a position in MRVC today. A

To: Voltaire who wrote (28125)	8/7/2000 12:42:18 PM
From: abstract	Read Replies (13) \| Respond to of 35685

Today I can see the future. I find this country incredibly healthy. I can remember 1969 like it was yesterday and the feeling that the US had peaked and there was no where we could go but down. And now I feel like we are surging. Catch the drift: I see something fascinating going on. The rise of an influential and booming middle class coupled with a substantial immigrant base, both of them informed and educated (among myriad other things). I own my own small business (an art gallery) with 3 employees. We deal with the financial elite - you know - the people who can put a $50,000. purchase on a credit card, and the common folks - those who deliver and retrieve crates, etc. etc. We see the broad spectrum. I have a 6 year old son, Brice. I thought G.W. Bush's favorite Latin phrase Ubi ubi sub ubi was a stitch and picked it up. A couple of day's ago Brice was in my office when the UPS driver, Marion, (Marion is white and smells like he is from another planet) came to pick up a package and get a check, and Brice looks up at him and says Ubi ubi sub ubi. Without pausing Marion responds in Latin. I'm shocked. I ask him what he said and how could he just do that. He said he said I always wear underwear and that he had studied Latin for 4 years. Three days ago I am doing a press check for an announcement we will mail to the people with the big credit card limits and Omar (the pressman, who is proud that he has learned English in 3 years) and I are chatting and he can't wait to tell me that he just bought a new house in the western suburbs and the commute is only 25 minutes by train. I am seeing a trend developing - I am resisting the term "trickle-down." I have another son, Lucas. He's 22. This is the one that is fluent in Mandarin and he is leaving next week for a job in Beijing. On the way he will rendez-vous with a friend in Tokyo for an evening of .. hmm - probably something computer oriented:) For him Beijing (& now I am starting to hear it referred to as "BJ") is only fractionally further than the corner 7-11. Lucas is selling his car because he won't be needing it for a while - it is an 88 Toyota with 107,000 miles on it. (He will gleefully accept $1800, for it.) He tried to place an ad in the newspaper's web site but what he posted showed up on the cars.com web site instead and not in the paper at all - so it is only listed on line. There have been a dozen calls for the car and it has not sold yet. But - fathom this. Every single person who has phoned has had a major accent and foreign language structure to their diction. I assume they are all immigrants. And they all have computers. Six or seven people have looked at the car and the rust over the rear wheels seems to be the prevailing deterring factor. Rust - now - there's a metaphor. This morning Al Gore announces his selection of Joseph Lieberman as his running mate. A brave forward looking move. Calculated. An appeal to the center and an appeal to the majority of those who have suffered racial and religious bigotry and to those of us who are tired of race being an issue (even as it makes it one). Intelligently Gore wraps the appointment of Lieberman in the blanket of progress and cites it as an example of their "new guard, forward-looking" vision. Old-guard / new-guard. Likely to be the defining issue in the presidential election (at least from Gore's point-of-view). Other than that - these two candidates will make themselves mirror images of one another. They have each migrated to the center. They are transparent. Technology is the prevailing factor: who embraces it, to what extent, AND to what extent does the voting public admit embracing the move to technology (fact vs perception). Technology is is booming. Technology is an equalizer. Technology is enabling. It used to be that I thought we had already transitioned over to being new economy and then we had a major backlash this spring. I know the move is inexorable and I feel like we have crossed the threshold by a lot, but I am not clear about where America is on this (and for that matter I wonder how many of those computer toting immigrants are registered to vote). (and the extension of my confusion is the current stagnation of the stock marker.) (I wonder what the ratio of boomers to immigrants is.) The presidency will be determined by the voters take on our stride into the 21st century and whether we have the weight on our back foot or our front foot. And it really doesn't matter who is President. Technology is King. The President is technology's minion. And technology has brought America wealth and wealth has sired opportunity and the three have spawned a global melding. And the best news is that there is a long and wonderful ways to go.

To: Voltaire who wrote (28125)	8/7/2000 4:42:50 PM
From: abuelita	Respond to of 35685

Hi Tom This article could be all about ELON as well, couldn't it? "Please find attached your daily dose of Vitamin B: August 4, 2000 Networking the Home "Today's networked world is primitive compared to what it's going to look like in three to five years." That's IBM CEO and Chairman Louis Gerstner, commenting on the state of the technology world today. Gerstner's view is bang in line with what we have been telling clients for years. Our technology and communications networks look downright Flintstonian compared to how they will look a decade from now. Talk about great investment (not trading) opportunities! One of the hottest areas in the networking world is the emerging home- networking market. This market, which is in an embryonic phase today, is going to be huge. According to research firm Cahners In-Stat Group, the home networking market is expected to grow from $600 million in revenues today to nearly $6.0 billion by 2004. That's a ten-bagger in Wall Street parlance (as our faithful readers know, we love ten bagger market opportunities). Cisco Systems <http://www.cisco.com>, which is best known for its networking equipment for businesses and service providers, is taking the lead in the home networking market. The company recently announced that it is teaming with a Southern California land developer and a small service provider to wire 13,000 new homes in Los Angeles with state-of-the-art networking technology. With high-speed Net connections becoming more widespread, technology firms believe consumers want all their electronic devices-PCs, stereos, kitchen appliances and security systems-to communicate and share an Internet connection. At the heart of Cisco's strategy is a forthcoming new home appliance, called a "residential gateway," that allows consumers to connect electronic devices such as PCs, appliances and security systems with their phone service and high-speed Internet access. Cisco has recently partnered with a host of companies, including appliance manufacturer Whirlpool, which is making its appliances more intelligent (machines that think!). Refrigerators, for example, will include Web pads for Internet access. Cisco believes that it can generate more than $1 billion in revenue from the emerging home-networking market just within the next two years alone. According to Cisco VP Michael Moone, the longer-run opportunity is gigantic (i.e., billions and billions of dollars). And you thought Cisco was only a router and switches company! Mr. Gerstner is right on the mark about the primitive state of networking today. If John Chambers and Cisco Systems have their way, you can kiss our Fred Flintstone networks good-bye. Mr. Flintstone, meet Mr. Jetson. Steve Waite and Max Jacobs" Rose