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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Prognosticator who wrote (42082)	3/15/2001 9:04:37 PM
From: cfimx	Respond to of 64865

>>Anyone who doesn't see the Internet as a historically transforming event is a complete moron. yes, its been transforming all right. just ask mary meeker.

To: Prognosticator who wrote (42082)	3/15/2001 9:20:22 PM
From: QwikSand	Read Replies (1) \| Respond to of 64865

Anyone who doesn't see the Internet as a historically transforming event is a complete moron. Proggy, I think that's an overly simplistic and overly judgmental pronouncement. When Shiller said 'historically transforming', I think he meant it in the sense of transforming so much so fast that it justified throwing billions at restaurant-napkin business plans. He was talking about the 'historical transformation' imagined and hyped by the Silicon Valley crowd (McNealy among them, where "everything with an electronic heartbeat including light bulbs etc. etc. etc.") I doubt he believes that the Internet will change nothing or even that it won't have a major impact...eventually. But while the eventual socio-political and economic effects of the internet are still far from clear, what is clear is that the internet isn't going to turn Sun and Cisco into sustainable 50% per annum growers for the next five years after all. Neither is it going to make everybody stop going to the grocery store or the book store or stop businessmen from having face to face meetings and price negotiations, overnight. What's the big deal? We were in a bubble, right? Now we have to see what the aftermath looks like. Nobody knows. --QS