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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: stsimon who wrote (69029)	11/23/1998 9:31:00 PM
From: nihil	Read Replies (1) \| Respond to of 186894

RE: Bubble in US stocks ... Always possible, but I can't worry about p.e.'s of 50 - 75 in companies that appear able to grow their EPS 50 - 75 % a year for the indefinite future. EPS of ordinary (non-tech) growth stocks should be projected to return to S&P growth rate in 5 years or so, but Dell has a huge untapped market ahead of it, and Cisco has to network the world. The internet companies are revolutionizing the world of commerce, and have scarcely begun to tap the world. None of them have any protection against entry. I buy books from books.com that beats amazon on every price. Anyone who uses acses.com will spread his shopping around among a dozen vendors. Amazon.com can run into new markets, but it cannot hide in the one market it pioneered. Its boom is based on the assumption that the book-reading public is stupid. The real revolution in e-commerce is that competition is being introduced into the retail trade for the first time in history. There is no reason for vendor loyalty as long as brand loyalty persists. Nevertheless, a lot of money is going to be made in internet stocks. I wouldn't walk in those woods w/o stops or constant attention, but I would rather play those stocks than go to Vegas.