Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (658)	1/13/1998 10:31:00 PM
From: phbolton	Respond to of 18691

This week's "New Yorker" has a piece "The Digital Bubble" which is quite interesting. It notes that the "double bubble" is to start and value companies not for any earnings they might have but for the market cap they might have. It also points out, as has been done here, that a large part of the internet bubble frenzy is due to the fact that many wall street and investor types can't live without the net and think that this is true for everyone. As an aside: if YHOO is worth $3b and has 15% of the "hits" of the top ten web sites then are they collectively worth $30b? Which is, incidentally, about the current value of the four networks. Consider that there are at most 20 mil computers on the net (about half, or more, just barely connected) and more than 100 mil TVs and on average, we are told, Americans watch 8 hours per day of TV and one may wonder even more about the digital bubble.

To: Roger A. Babb who wrote (658)	1/14/1998 2:21:00 AM
From: zx	Respond to of 18691

hi Roger, i agree, the market need to wait for the companies to improve their profits. the market cannot have a sustained upward move without increasing profits. ie., INTC reported flat ahead, MOT missed estimates. ag