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To: Platter who wrote (18395)	1/18/1999 2:48:00 PM
From: brian z	Read Replies (1) \| Respond to of 27307

<<Whether the Internet bubble proves to be no more than a repeat of similar confined U.S. bubbles of the past (such as the biotechnology stock bubble of the early 1980s) or something more systemic, only time will tell.>> The following is from CMGI thread. To: +badon518 (4093 ) From: +sakura Saturday, Jan 16 1999 11:05PM ET Reply # of 4133 I'am tired of the bubble-must-burst-thing and comparisons with former bubbles. What makes the difference between the run on internet-stocks and bursted bubbles in earlier strong stock-movements (biotech..)? The difference is that the internet is feeding itself to grow. Connected people buy internet-stocks because they see or feel the potential (internet today is like cars in the 20s). The money flowing into the companies gives them the power to grow. That makes the perfomance of the web better and more attractive to more people, to the big and small bussiness because they have to reach there potential costumers. Internet-brokers surge because internet-connected people want to invest in stocks that way. AMZN surges because it's a really big pleasure looking books in bookstore...but we don't have often the time...so connected people buy AMZN-books and, by the way, AMZN-stocks. The traditional media begin to worry because a lot of people, like me in this moment, prefer posting, chatting (besides reading a good book...), looking up the news in the net than watching stupid soap operas and talking heads in TV. So they have to invest in the Web too....and so on...and so on. How many are connected worldwide today? 100 million, 200 million, 300 million....500 million (a lot less, I think...)? Hey, we are more then 6000.000.000 million on this planet. There is no bubble, these five years of internet as a mass-phenomenon are the very first and little step of A HUGE AND BIG REVOLUTION, that will bring a lot of good and ugly, whatever, things we can't even dream about nowadays. The only thing that will happen is the breakdown of some and the success of others. And, of course, the more the big guys begin to join the game, the more the rules will change. Perhaps, in ten years, looking back, we speak about YHOO and AMZN, with the respect they deserve, like the APPLE IIe's of the late 90s.