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To: Maurice Winn who wrote (14764)	2/10/2002 2:21:31 AM
From: marcos	Read Replies (2) \| Respond to of 74559

'companies inventing the future, whose paper costs near zero to produce' So that's how Cisco got 7.3 billions shares out, and qcom 767m ... low cash costs! -g- you take the cry road and i'll take the grow road - #reply-17041143 and i'll be in Glasgow afoooooooore ye

To: Maurice Winn who wrote (14764)	2/10/2002 2:54:50 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 74559

Maurice - ...Money is just another service and as with all services, the production cost needs to be low to compete. Shares and cyberspace can lower the cost of money production from gold, while providing a real foundation in value which is not behind Uncle Al's money. Gold costs a fortune to produce and is defective in all sorts of ways as money. In a sense, you may have this exactly backwards. It is precisely the difficulty and cost of increasing the quantity of gold that makes it the best available basis for money. Gold evolved into money because of a number of characteristics that were important in a physical medium of exchange. Today these characteristics are of little import as even paper money is well on its way to becoming obsolete as electronic accounts and transactions increasing become the means of mediating the exchange of economic goods and services. The primary determination of the quality of money, from the viewpoint of the holder, is the relative inability of the government to arbitrarily inflate its quantity, and thus reduce its unit purchasing power. Regards, Don

To: Maurice Winn who wrote (14764)	2/10/2002 4:35:07 AM
From: LLCF	Respond to of 74559

<. I'd rather trust the productive, creative, imaginative efforts of companies inventing the future, whose paper costs near zero to produce [especially if it's in pixelated form in cyberspace] and whose products and services are wanted by 6 billion people. > Agreed, normally.... at this point in time unfortunately the "Gay 90's" and all the crazyness that went on created a situation [as people will, even the creative ones] where one isn't sure WHAT those creative people are doing at those companies any more... certainly not what kind of profits they produce... if any. As for QCOM... agreed, looks great theoretically although I notice the produce little, just get royalties which may become tough to collect globally in the coming era of tough love. I guess you've always got wall paper however. DAK