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To: jhg_in_kc who wrote (33310)	1/7/1999 7:39:00 PM
From: Bill Harmond	Respond to of 164684

It means that the Internet business opportunity is (so far at least) effectively boundless. Scalability (ability to scale-up the size of the business) isn't limited by some of the obstacles encountered in the physical world.

To: jhg_in_kc who wrote (33310)	1/7/1999 8:25:00 PM
From: llamaphlegm	Respond to of 164684

<<<"As long as the industry continues to permeate every aspect of consumer and commercial life, Wall Street should reflect that robust growth," Harmon said in the report released Wednesday that details his predictions for 1999. Harmon said 1998 was "the year that Internet stocks became household words - taxi drivers spit out ticker symbols and discussed online trading." And as this enthusiasm pushed up Web shares through most of last year, analysts struggled to make sense of stock prices and "old line money managers on Wall Street scoffed at valuations," Harmon said. As a result, he believes, some Internet stocks are overvalued and a correction is probably "on tap soon." But Harmon stressed that "bubbles burst and bubbles come back.>>> wow that last sentence sounds pretty stupid. <<<< The constant has been industry growth.""As long as the industry continues to permeate every aspect of consumer and commercial life, Wall Street should reflect that robust growth," >>>>> alright idiot, listen up ... it is no more "the industry" than phones are because you can do mail orders over them ... walmart is on line by '00-'01 every bricks and mortar will have well functioning web sites -- what industry? it's a mechanism for gathering data and passing along information of various types -- different from (but not altogether) mail, fax, phone Harmon said in the report released Wednesday that details his predictions for 1999. ">>>