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Pastimes : The New Qualcomm - write what you like thread. -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (2081)	9/10/2000 10:45:08 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 12231

<font color=crimson>The New Paradigm Roars On! The American Economy, Irwin Stelzer, Times [London]http://www.siliconinvestor.com/msgs.gsp?msgid=14359349 He gets a lot of it right, but totally misunderstands the internet effect. He wrote, <...And we cannot ignore the internet, even though its effect on costs is nowhere near as great as its wildest exponents contend. This new information-distribution system is cutting the cost of carrying stock by keeping manufacturers in closer touch with customers, providing cheaper ways of distributing goods such as books, CDs and drugs, putting downward pressure on transaction costs, as in share trading, and threatening to force even the most Luddite high-cost sectors of the economy such as education to make their services available more efficiently and cheaply. > Yes, it is an information distribution system. That misses the point. Cutting the cost of carrying stock, keeping manufacturers in touch with customers, reducing transaction costs etc is trivial. Well, very important in the context of the industrial age. But insignificant compared with the real effect which is to empower 3 billion brains [soon enough but already a few hundred million] with instant in-depth knowledge and communication. We can read his article, corporate announcements, hot SI rumours from somebody in the know, search for information on Carl Barks and act synergistically with investment colleagues in SI and the rest of the Web. It is nothing less than a huge multiplication in the ability to think for all of us. To think, we first need information. Only 7 years ago, the information I could get on QUALCOMM was a cruel joke. Week old Asian Wall Street Journals might have some small article. Now we have vast knowledge bases on which we can draw to think. He misses the point, but thinking is the most valuable thing humans do! The internet enables thinking. Which is vastly valuable and it will accelerate The New Paradigm like crazy. He ain't seen nothing yet. Neither has Alan Green$pan. Mqurice PS: You want cheap Jon, you should fly to NZ and buy all the stuff you want! All-time lows in the Kiwi$ mean we are all now living below the official USA poverty line! I kid you not. 86% of NZers are now below the USA poverty line. US41c = NZ$1 down from US70c to $1 about 3 years ago. Bargains galore here now for US$ bearing people.

To: Jon Koplik who wrote (2081)	9/13/2000 2:11:54 AM
From: EepOpp	Read Replies (1) \| Respond to of 12231

>I guess we should all fly over to London, buy a cashmere sweater, eat lunch, and fly home. hmmmm....the only problem is that Petrol is 2 pounds a liter. I believe there are about 4 liters per gallon and using the exchange rate that you gave, that roughly tranlates to about 12 dollars a gallon. whew i guess you'd better not drive there and just use the Underground. If you can find any petrol stations that have fuel, that is. EepOpp :)