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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: KeepItSimple who wrote (46843)	12/12/2000 8:03:09 PM
From: Les H	Respond to of 436258

a therapeutic site for those suffering from sudden, immense wealth affluenza.com So much for pathos?

To: KeepItSimple who wrote (46843)	12/12/2000 8:06:50 PM
From: patron_anejo_por_favor	Respond to of 436258

Nice article, KIS! Thanks for sharing.... My favorite part: If a venture isn't going to work, it's better to stop it soon rather than later," Newsweek quoted Doerr saying, as if he were speaking wisely. AS IF!<G>

To: KeepItSimple who wrote (46843)	12/12/2000 8:15:57 PM
From: patron_anejo_por_favor	Respond to of 436258

When this gig is over, I'm GONE dailynews.yahoo.com

To: KeepItSimple who wrote (46843)	12/12/2000 8:48:35 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

that's indeed the perfect description of a stock selling scam: <<Newsweek, for example, recently said in a story about the failed teen site Kibu.com, which closed in October, a month or so before completely burning through its multimillion-dollar venture capital investment, "It didn't technically fail: those high-profile investors concluded that the start-up wouldn't work in the post-Nasdaq-crash environment." "If a venture isn't going to work, it's better to stop it soon rather than later," Newsweek quoted Doerr saying, as if he were speaking wisely.>> in other words: "since we couldn't sell the stock, it wasn't worth it" . in short, it never possessed any value as a business proposition...it could only have survived with an infusion of bag-holders money.

To: KeepItSimple who wrote (46843)	12/13/2000 7:59:49 AM
From: flatsville	Respond to of 436258

I sincerely hope this (see bolded below) is just "wishful thinking" or musing out loud on the part of the WSJ and didn't originate from within the GWB camp. If not, well I thought the GWB supporters on the thread argued that the "smart" folk like Cheney would be in charge. This is what passes for smart? We're in a world of sh!t if these kind of appointments are made to high level positions. Each of those worlds has since imploded, of course. Silicon Graphics is worth a seventh of its value five years ago. Netscape was bought by America Online after it became clear Microsoft's browser was trouncing the Netscape browser, and Clark recently resigned as director of WebMD, a company whose most recent quarterly report shows nine-month net losses of $1.75 billion -- spelled with a "b." As the NASDAQ continues to plummet, the prophetic visions of Internet seers -- venture capitalists such as Tom Jermoluk, John Doerr, Jim Barksdale, et al. -- have been proven so much nonsense. Yet there has been little journalistic or popular recrimination. In fact, quite the opposite has happened. As George W. Bush assembles his shadow Cabinet, the Wall Street Journal is floating the names of Doerr, a partner at top venture capital firm Kleiner Perkins Caufield & Byers who is considered the godfather of Silicon Valley money men, and Netscape co-founder Barksdale as possibilities for secretary of commerce or the proposed new post of "high tech czar."