Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (314)	11/20/1998 3:12:00 PM
From: Curbstone	Respond to of 10713

Gates...is bent on world domination. ??? With all due respect, (sincerely) how can you make such a statement. Do you know him personally? Or have you heard him say things that would lead you to this conclusion? Kind of makes him sound like a Hitler or a Mussolini or something. I would venture that Gates is more interested in keeping his company at the top of the food chain, with world "domination" merely a by-product. PS: I would be interested in hearing your response but will take it private after that to prevent this thread from becoming a "Bill Gates is the Anti-Christ" thread.

To: Sun Tzu who wrote (314)	11/20/1998 8:51:00 PM
From: Sun Tzu	Respond to of 10713

I tend to agree with Silverman here. Here is a portion of his interview with CNNfn. ST KEENAN: I wanted to ask you a broader question. You're, of course, a savvy observer of Wall Street and not only did your fortunes change this year, but the fortunes of the stock market and the capital markets changed dramatically. What's your outlook for the markets going forward? SILVERMAN: Well, I think that ...we have a lot of free cash flow earnings growing at 20 percent a year, and we're in the process of buying back our stock. But having said that, in terms of the market as a whole, there is still a credit crunch going and it's still difficult to act. It's easier than it was a month or so ago, but it's more difficult to access the capital markets than it was, let's say, six months or so ago. Just look at the number of transactions occurring there. The IPO market is still relatively shut down. When companies can't get access to capital they will cut back on capital spending; when that happens there is a trickle-down economy. Generally the next step is that companies don't need as many workers, and consumer confidence starts to ebb a bit, and the economy starts to slow. My guess is all those things will occur. We are a great lead indicator in our businesses and we are seeing not yet a slowdown, but certainly no growth over 1998 in terms of consumer behavior. I would suspect that typically means that you'll see a rally, continuing rally in the bond market and interest rates going lower, and not much headway for stock. ... It's inconceivable to me that corporate America will grow their earnings by 19 percent. We are the largest outsourcer in two areas, vehicle management and real estate relocation. We deal with the Fortune 100 companies and I can tell you they are not expanding their opportunities going into 1999. VAN DE MARK: Well, there is an economic indicator from someone who's on the front lines. We appreciate it. Henry Silverman, chairman and CEO of Cendant, and a man who is selling off part of his company for a billion bucks.