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To: im a survivor who wrote (8799)	8/17/2002 1:39:34 PM
From: im a survivor	Respond to of 13815

August 16, 2002 Loudcloud Completes $63 Million Sale By THE ASSOCIATED PRESS Filed at 3:26 p.m. ET SUNNYVALE, Calif. (AP) -- Loudcloud Inc., the company co-founded by Web browser pioneer Marc Andreessen, completed the $63.5 million sale of its online services business Friday to Electronic Data Systems. Its name also changed to Opsware Inc. The sale to the Plano, Texas-based computer systems consultant allows the newly minted Opsware to concentrate on making software that helps other companies run their information technology departments. As part of a deal announced in June, EDS also agreed to buy $52 million worth of Opsware's software during the next three years. Andreessen, Opsware's chairman and largest shareholder, is counting on the Sunnyvale-based company to fare better in its new incarnation than it did as a Web hosting business. After Andreessen co-founded Loudcloud in 1999, the company lost nearly $500 million and never caught on with investors after its March 2001 initial public offering of $6 per share. Loudcloud's struggles contrasted sharply with the early success of Andreessen's previous high-tech creation, Netscape Communications, the maker of the Web's first commercial browser. Andreessen blamed Loudcloud's demise on the tough times in the high-tech industry -- a factor that he believes might help Opsware. ``It's much easier to start a company in a pit than when things are at the top,'' Andreessen said in an interview. He pointed out that some of the nation's biggest high-tech companies -- Oracle, Microsoft, Dell Computer and Cisco Systems -- started out during industry downturns.

To: im a survivor who wrote (8799)	8/18/2002 3:01:31 AM
From: pbull	Read Replies (1) \| Respond to of 13815

OK, makes sense. I worked with a guy _ briefly _ who was that way, urged his clients to stay diversified, the market always goes up over time, etc. Then came the worst bear since 1936-39. I'm really torn here. I think the 'Net gives us, as investors/traders, a huge advantage over the old school. Now, having said that, we all know the games that are played in the markets, and some of these in the last few years even the old-timers have never seen before. The reason why so many funds (Janus) failed is because they relied on their research, believed in their companies, and when Uncle Al turned against the market, they stayed the course _ all the way down. It just takes so *&^% much time these days to scour the markets for that needle in a haystack that actually is a real company doing interesting things and is breaking to higher ground (the TA). In '99, the TA was all that mattered. Now, it's different. So, it depends on the broker. If their advice is to buy the blue chips on dips, well, gee, I can do that from home. But if I'm going to shell out $100 bucks a trade, it needs to be something besides "buy WMT." Know what I mean? I'm sure you do. So that's our quandry. PB