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Technology Stocks : Seagate Technology - Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: LK2 who wrote (609)	3/3/1999 1:49:00 PM
From: Robert Douglas	Read Replies (2) \| Respond to of 1989

But it seems there has to be a way to cash in on this Internet boom, while it lasts. Build a business for its long-term value, but go public and sell out in six months or a year. <G> It strikes me that this is precisely what is driving the creation of these Internet companies. They aren't being built to become going concerns that generate a long-term profit stream for shareholders. They are being built to sell out in a few months to some greater (financed) fool and make their creators wealthy. That explains the complete disregard for profits and the focus on getting pops, peeps, views, visits, clicks etc. Wasn't there even one outfit that announce they would sell at a loss for the foreseeable future just to build business? (No not Amazon) What do you bet that this CEO isn't planning on that 50 years of service gold watch!? Count me in! -Robert