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

To: Glenn D. Rudolph who wrote (6078)	4/4/2001 10:21:56 AM
From: 16yearcycle	Read Replies (2) \| Respond to of 57684

Glenn, My point is that recently newborn companies that were designed to need capital from the debt and equity markets for the next several years so that they would become large enough to achieve critical mass, have been cut off from those markets and will die. The greatest management in the world could not survive this turn of events. If you are saying that they should never have come public in the first place because it wasn't going to work, you certainly have a point. But they went to the markets with their hands being held by their investment bankers, and when the fed tightened and tightened and tightened and tightened, the bankers ran for the hills, leaving these companies w/o proper capital to run their plans. If you then want to suggest that the managements were crooked in some way, I am sure there is nothing I can say to change your mind, but I disagree wholeheartedly. They have been blindsided at exactly the wrong time by a federal reserve attack that killed them and their investors. They are humans just like you and I, and they were being guided through a process that would allow them to expand rapidly, but that assistance was then revoked. They can adjust plans now in order to get by somehow, but it isn't going to work.