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To: Lizzie Tudor who wrote (60440)	8/22/2006 1:14:54 PM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

>>>meanwhile silicon valley has billions in uninvested funds just waiting for an excuse to fund some startup.<<< LOL. I recall reading Burton Malkiel's "Random Walk." He spends about a chapter describing the "efficient market theory." If you read between the lines, all the while he is saying, "its a lot of hooey, its a lot of hooey." He never explicitly says its correct or incorrect. Having said that, it is clear that the greater fool theory - time tested and proven beyond a doubt - sent a much larger share of the nation's wealth into semiconductors and other things tech than could possibly have been justified. It sounds to me like those former technology companies have now become investment banks. Witness Bill Gates jamming a lot of $$$$ into Newport News shipbuilding and Pacific Ethanol. This may or may not be a bad thing. Although he is a college dropout and markets the MS Internet Explorer, he is no dummy, and can probably allocate capital more productively than J6P or the federal government. >>>I think a bunch of these companies are going to go.<<< to go become successes???? I think/hope they will. It is true and sad that all these companies go crawling to Washington with hat in hand. Detroit is getting what it deserves.