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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (7815)	12/20/2000 8:29:50 AM
From: mishedlo	Respond to of 13572

Picked this up from the FOOL Thanks to Neil P.S. I have no idea if this is a farce or not. Have done ZERO homework. Right now I am open to any and all ideas, with a damn healthy dose of scepticism towards both the die hard bulls and bears alike. =========================================================== Thought you guys might like this... from DonkeyBusiness.com Silicon Valley residents see rising crime, poverty in future Neil the Donkey December 20, 2000 Donkeybusiness.com As the tech-heavy Nasdaq fell to lows that haven't been seen for more than a year, Silicon Valley residents anticipated rising levels of crime and poverty resulting from the weakening market. "What happens in the Valley when people's stock options go worthless is just like what happens in the rest of America when a bunch of factories close down," said San Jose city councilman Mark Ryder. "You get economic despair, and with that comes crime, drugs, and a general deterioration of the social fabric." Signs of social decay are already beginning to appear. Children of newly unemployed dot.com employees have been seen on the streets of Milpitas and San Jose selling drugs. Armed with handguns to eliminate competitors and Palm Pilots to receive emailed orders for illegal narcotics, they have organized into two rival gangs. Calling themselves the 'Chips' and the 'eBloods', each gang has been trying to establish its own B2B drug exchange as the dominant force in the local market. Interviews with the gang members showed the competitive nature and intensity of the conflict. "Our B2B crack exchange gots 84% market share in the Milpitas area, and you can't fade that," said Jimmy "CRM-Dogg" Chang of the eBloods. "What's mo', we be taking transaction fees on every sale and we gots higher revenues from operations than anybody in the narcotics sector." When asked about the size of the transaction fees, he would only state that they were "phatter than Avici's terabit router." iCube, a local rapper and member of the Chips, contests CRM-Dogg's assertion regarding market dominance. "eBlood bitches get out of my way / yo' gross margins under deuce-trey / every spot of heroin sold today / in Palo Alto and in San Jose / plus 12 percent of share in LA / go to tha Chips and we get pay / kilo order comin' on my PDA." He added that "These days tha VC don't give it out for free / but any Westside G hangin' wi' the Chips and me / sittin' on some money like tha Qualcomm royalty." Residents have noticed an upsurge in criminal activity since the Nasdaq broke 3000 to the downside. "Crime, drugs, prostitution – we're seeing it all," says Irvine resident Carolyn Deltrow. "But I guess that when the whole idea of selling products over the internet at negative gross margins fell apart, people realized what the problem was. Then they started selling drugs on the streets, a business with very high margins as long as you don't get shot or taken to jail." "The valley has always been known for its entrepreneurial spirit," says Mike Doohan of Benchmark Capital partners. "It's always adapted to changes in the market environment and the economy. In these times, when the economy goes bad, it adapts to that too."