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Technology Stocks : George Gilder - Forbes ASAP -- Ignore unavailable to you. Want to Upgrade?

To: The Phoenix who wrote (4707)	8/14/2000 7:13:14 PM
From: k_maxwell	Read Replies (1) \| Respond to of 5853

<<<Message #4707 from Gary at Aug 8, 2000 10:37 AM Make no mistake. Gilder gets his "ideas" from talking with chief scientists and executives at gorilla technology companies. He rides the wave as much as anyone. His value is twofold. He exposes these discussions and their direction to the masses and two... the masses suck it up - self fulfilling prophecy. Do you really believe JDSU is worth $90B? He helps create the bubble.. make no mistake. FWIW I think your assessment of Cramer is accurate however he thinks for himself - you have to give him that. OG>>> Gary -- make no mistake. First, I wasn't talking about bubbles, I was talking about Gilder 's technological vision vis-a-vis Cramer's shoot from the hip assessments. If Gilder's calls are all self-fulfilling prophecies, then why is Globalstar's stock in the toilet? Why is Qualcomm trading at less than 1/3 of its (absurd) high of $200 last year? What happened to Terayon? Motorola? There must be more nuance to it than that. All of these are fine companies. I won't debate what the true value of JDSU's market cap should be, but Mr. Market is telling us it's about $90 billion right now. The best tech stocks always look overvalued. It's a moving target. I'll turn the question around -- do you think CSCO, the Company That Could Do No Wrong, deserves a market cap of $450 billion? I would posit that if CSCO is worth $450 billion, then JDSU is undervalued at $90 billion. (Of course, that's a big "if"!)