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To: Mike M who wrote (11139)	7/21/1998 10:08:00 PM
From: llamaphlegm	Respond to of 164684

Fundamentals matter, what rampant silliness. I can't believe that I'm about to say this, but let's all leave Bateman alone. No, I feel no pity for him and he deserves all the scorn that's being delicately heaped on him (her, it???). But, just because one nutcake escaped from the YHOO sanitorium, does not mean we have to dignify his idiocy and encourage even more annoying posts on the board. Any takers? Now about those tulips, south sea shares and railroads ...

To: Mike M who wrote (11139)	7/22/1998 1:39:00 PM
From: Marty	Read Replies (1) \| Respond to of 164684

It is not exactly that "fundamentals just don't count" it is more like there are new fundamentals that we have yet to identify and quantify. Maybe somebody knows what some of them are but I don't. I do know that the old ones don't work so well. How do you value a company that gives its product away? What is the potential for a company that millions of people use every day and millions more are joining all the time? I just read where the use of the Internet is being adopted at an even faster rate than television was in the '50s. Who knows what the value of EDI and ecommerce software companies whose products enable other companies to operate at a tiny fraction of the cost of doing business with paper? I submit it is not EPS or current ratios or market cap.