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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: James R. Barrett who wrote (28873)	6/6/1998 11:57:00 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Jim, No way. I haven't been seen in a hairdo like that since 1972. -g- I don't think that anything I have said or Fleck has said or even Fred Hickey has said is that amazing. It is just the facts of the tech game. What has been amazing is the resiliency of some of the stocks even when the truth about the business is reported in the news. With tech companies, the facts always assert themselves eventually. That isn't necessarily true with banks, where accounting can cover a lot of sins. Or with biotechs, where medical mumbo-jumbo combined with the regulatory process can fool a lot of people for a long time about the true fundamentals of an issue. But tech is almost a religion. If you don't like tech stocks at any price, it means you are a technological illiterate. That is nonsense. The fact that I think a drug stock is overpriced wouldn't stop me from taking a prescription if I needed one. Nobody thinks like that for drugs, but they do for technology. One bit I liked was comparing Dell's market cap with total pc sales. 20 pct. of total pc sales. Wow! Has somebody got a warped idea of either Dell's ability to grab market share or the pc market's ability to grow into the future. And the fact that Gateway has a higher pe ratio than Dell hurts my belly, I laugh so hard. Where's that prescription for sore belly? -g- MB