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To: Gregg Powers who wrote (11970)	7/2/1998 5:12:00 PM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

Gregg - regarding the (now considered) relatively low purchase price for CBS -- I read a comment once (I think it was actually in Newsweek, surprisingly enough) that people brought up to think of the big networks as powerful and important still "don't get" the ultimate implications of the Internet : that a network such as CBS might eventually be just a website. (I have a feeling George Gilder would heartily agree with this). Jon.

To: Gregg Powers who wrote (11970)	7/2/1998 9:29:00 PM
From: Ramsey Su	Read Replies (5) \| Respond to of 152472

Maurice is right, even THE Gregg Powers is sounding a little demoralized. The total decoupling of the market and all fundamentals can leave the best of the pros scratching their heads. While it is unbelievable that the likes of XCIT, AMZN can fly higher than the G* LEOs, it is equally ludicrous that companies like PMTC can lose half its value in a day. What if some negative news from Korea hits QC again, are we going to test the 30s? Scary thought. I wrote a couple of long posts about Asia last year. In hind sight, they were pretty correct but I can't find them anymore. Does anyone know how to search the archives? Asia is at the verge of a potential meltdown. The latest numbers just don't add up. Message 5085228 Krugman's ideas are just about as good as that Johns Hopkins economist who was advising Suharto right out of office. All these fiscal and monetary policies are worthless, unless the political problems are solved first. Which ever way you look at it, Asia is a case of how bad its going to get and how long its going to take to recover. There is no quick solution. Yet the market is ignoring the inevitable. Somebody tell me that I am just getting paranoia at my old age. Ramsey