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To: horsegirl48 who wrote (9216)	9/29/2002 11:08:21 AM
From: Sig	Respond to of 13815

<<< His hope was that it might, but in a different way than before, optical is completely dead and there will be no use for it in the future, that they r already starting to have all things go thru the phone lines, interesting... I guess JDSU, GLW, and others will change >>> On GLW, perhaps the problem is that engineers are now able to sent 60 or perhaps 100 times as much data over a single fiber by splitting the wave lengths.Thus much less need for new fiber installations. To get the added speed of a fully optical system, the new optical( vs electrical) switches are hugely overpriced at perhaps $100K each and with economy the watchword today, they will slow or perhaps stop implementation and developers will find it difficult to sell the product. Actually, the local phone company has reversed the installation of DSL in this area. My neighbor who was employed in installing the DSL systems in homes, is now employed by the same company to go around and remove the systems. ( beats me why they spend money to remove them) Perhaps wireless via satellite or via Direct TV is or will be too competitive to phone lines. My overall view of the business is that banks, brokers, and funds have used investors money to pay for the development of this exotic gear and new technology with the incentive being the concept that billions could be made by the companies involved. Now that the expensive research has been done there is huge pressure being applied by those evil people who really run "our system" to cut the costs or even get the product free. With the design work down, Asians ( for example) can now make copycat systems which may or may not violate US patents, and sell for a fraction of the cost. Do they do that ? If you look at QCOM and their numerous patent infringement suits ( which they are winning) others certainly try to copy systems. Today you can buy a small TV ( about 5 inch) for $29 including the store markup. . And what is the value of all those old patents on capacitors, resistors, plastics, IF cans, antennas, Leds, speakers, FM radios, circuit boards, etc. About zero !! Sig

To: horsegirl48 who wrote (9216)	9/29/2002 11:24:05 PM
From: pbull	Respond to of 13815

And people wonder way Buffett invests in bricks and paint instead of clicks and page views <ng>. At the top, the Nasdaq traded at a PE of 400. Back then, Greenie envisioned himself as the administrator of a lottery instead of overseer of the nation's banking system (which may explain why JPM and C are where they are). Well, this, too, shall pass. But not soon enough. PB P.S.: Went to a movie this afternoon with a really nice gal. We were hoping to see something funny, so I thought Divine Secrets of the Ya-Ya Sisterhood would be appropriate. Wrong. I doubt I'll hear from her again.