Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: KyrosL who wrote (6417)	7/30/2001 2:32:00 AM
From: Maurice Winn	Respond to of 74559

<But a transforming technology does not necessarily mean profits and higher stock markets. In the short to medium term (say the next five years or so) the internet and the telecosm may prove to be profit destroyers for western corporations and a potent deflationary force. > Well, we know all about that eh Kyros, from our Globalstar experience. A transforming technology which ate capital by the mountain and was highly deflationary for me. Cyberspace could do a grand job of that. JDS Uniphase being the biggest loss in human history as but one example. Then all the dot.bombs. It's certainly going to make changes and maybe just as you say. But they thought, with the advances of the past 30 years, that leisure would become a huge problem as machines took over the work. But people just came up with more stuff to do. I'm sure the same will happen. Like mice running in a wheel or otters playing, it's just how we are. We go! Mqurice