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

To: Mama Bear who wrote (2537)	10/30/2000 2:10:14 PM
From: Tom Kearney	Read Replies (2) \| Respond to of 57684

Mama, why don't you just compare it to the invention of fire. That would make as much sense. Warren Buffet is said to have made a long term study of GM and determined that GM has NEVER made any money manufacturing cars. They have made some profits financing the sale of cars and used financial leverage well. There are no companies in history as profitable as the high tech companies today. I'm not talking bubbles or anything else, just profits. The bears knock dot coms for lack of profits; then knock wildly profitable tech companies for something else. LSI and AAPL have PEs that are half of KO. Give me a break. Regards, Tom