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Technology Stocks : The Roaring Twenty 1998 -- Ignore unavailable to you. Want to Upgrade?

To: White Shoes who wrote (121)	7/14/1998 5:00:00 AM
From: Gary105	Read Replies (3) \| Respond to of 338

Shoes, thanks for comments. Re. land rush - yes some of it seems that way but not all of it. I've seen projections of about $250B in b-to-b commerce and about $60B in consumer commerce over the net by 2002. Thats $300B. Assume 20% of it goes to web companies (just a WAG), thats $60B and assume net profit margin of 15% - thats $9B. Assume P/E of 30, thats market cap of $270B by 2002, discount by 25% per year and we have market cap of $110B today for web related businesses - obviously there are a lot of assumptions and broad bands on the estimate. What does this mean? some of the followers will fall by the wayside, but some of the leaders may continue to rock (obviously not at the same rate). Gary PS - check out the GNET board, Russell Horowitz (Chairman) accepted invitation to post