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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: hueyone who wrote (173407)	3/10/2003 7:48:07 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 186894

Yeah - I read it. I have read a few Buffett books, the last one was the Warren Buffett way. One of the books was almost all Sees candies, maybe it wasn't this last one. WBW spent time on the Washington Post and Geico and others. There is one common theme in Buffett companies it seems to me. Most are facing a liquidity crisis of some sort, while holding worthwhile assets such as brand. Another thing- I have never read once in any Buffett book anything about managing the challenges of hypergrowth. Maybe because he isn't interested (or doesn't really understand, as he says himself) hypergrowth? So in other words he is a fixer of cheap, mature companies. So back to tech- The point is that if you let Buffett, one of the greatest managers in the world, loose on Apple computer in the mid-90s pre-Steve Jobs, where would Apple be today? Answer- nowhere, because Buffett is not a visionary, he lets other people do that and then comes in 20 years later and scoops up the remains when these companies are operationally mismanaged. Is Buffett going to give us the "next cisco" then? I think not. If the stock options hawks want to get the tech workforce on their side in an attempt to reign in executive compensation, then you should find a tech visionary who is against stock options. How about Bill Gates, he is in the same boat as Buffett and is no longer reaping huge options grants so no reason to have any lingering support. But he isn't coming out against options- why? Because he knows and understands that to get that entrepreneurial atmosphere at the tech lead level in a big company you need to give people a piece of the pie, and without options msft would likely have fallen away as it grew like most large companies. Anyway get some great entrepreneurs on your side to come out against options and you'd have something. But if its just Buffett and a bunch of old cronies from the Bush administration that don't like options... well... it seems like the motivation is more envy than anthing else.