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Technology Stocks : INFOSEEK (GO) -- Ignore unavailable to you. Want to Upgrade?

To: webinfopro.com who wrote (6292)	5/31/1998 5:10:00 PM
From: Michael Young	Read Replies (2) \| Respond to of 9343

Here is a little history that should ring true for the "internet" stocks: << What is striking about the personal computer industry in the early 1980s is that a shrewd observer, who understood that within a decade there would be a PC on every desk and in many family rooms, could still have lost a ton of money. The problem was not just one of timing and valuation - e.g. buying a good company too close to the mid-1983 top. The fact is that remarkably few of the PC stocks that Wall St. was focused on in 1982 and 1983 have survived as successful computer makers. . . Many computer stocks were still in the doldrums in the autumn of 1985 . . . In October 1985 a journalist wrote, "for the better part of two years, high-tech stocks have been just about the worst investments you could have made." . . . main reasons for this dreadful performance were: * Excessive valuations in mid-1983 * Too much competition; it was said in the summer of 1983 that 150 companies were selling personal computers. >>>> From a Paine Webber report dated May 19, 1998.