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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: IndexTrader who wrote (2043)	2/22/2001 1:48:47 AM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hi Susan, as all techies and techie inclined, I agree with the sentiment you expressed and I know the world will continue to enjoy the freedom and opportunities made possible by the ever cheaper net infrastructure. The issue more urgently at hand is that due to a classic tech inspired and liquidity fueled mania (I trust we have no argument concerning the reality of the mania), the world has suffered indigestion, and may suffer a heart attack of historically rare magnitude, in line with the net's historic significance. This latter event, should it occur, will take much, from many, in short time, forever. We should not heatedly discuss the merit of the net, or its cost, but its total immediate effect on our collective wallet. We will get back to net investing, but only after having secured a higher relative financial position vis-a-vis our co-investors from the bullish clan. Chugs, Jay

To: IndexTrader who wrote (2043)	2/22/2001 1:53:10 AM
From: Elizabeth Andrews	Read Replies (2) \| Respond to of 74559

Susan, I can't believe how naive most of these posters are. And, I can't believe that the board of directors of any company would allow management to head off on an expenditure path without having some idea of when revenue would kick in. But the facts are that many companies did exactly this. The Internet is an incredible source of everything but it's not free. It can't be free because it saves time and gives timely information, both of which are valuable. My dad used to say "when I'm one minute from death I'll pay something for the next minute even though time has been free until now". He was wrong.