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.

Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Clare who wrote (36777)	3/1/1998 8:16:00 PM
From: Jack Whitley	Respond to of 61433

<<Help me out here. I can't see Ascend in this position since their products are sold as the toll booth turnstile, but the toll doesn't go to Ascend,the equipment maker, it goes with the transaction or content.>> I think he'd be fine with owning the company that made the toll booths, he would indirectly be in the transaction business, and the margins are really good <G>. Probably will not happen though, here is a quote from him re technology stocks - "Our principles are valid when applied to technology stocks, but we don't know how to do it. If we are going to lose your money, we want to be able to get up here next year and explain how we did it. I'm sure Bill Gates would apply the same principles. He understands technology the way I understand Coca-Cola or Gillette. I'm sure he looks for a margin of safety. I'm sure he would approach it like he was owning a business and not just a stock. So our principles can work for any technology. We just aren't the ones to do it. If we can't find things within our circle of competence, we won't expand the circle. We'll wait." Warren Buffett "Warren Buffett Speaks" Copyright 1997, Published by John Wiley & Sons, Inc.