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To: Robert Douglas who wrote (77571)	4/1/1999 2:34:00 PM
From: John Koligman	Respond to of 186894

I agree with you on that. Take Boeing, it's market cap is around 33 billion. I believe AOL added that much to it's market cap in one week. It's really another indicator of the mania out there, more and more people chasing a very small group of issues. Best regards, John

To: Robert Douglas who wrote (77571)	4/2/1999 5:55:00 AM
From: nihil	Read Replies (1) \| Respond to of 186894

The people who produce the wealth represented by capitalization are the stockholders who bid up the prices of the stock, not the corporations that actually make and sell things with the capital raised from founders' copntributions, IPO's and SPO's. What stockholders pay each other for their shares do nothing for the corporation except make them very, very nervous. Today, in many hitech companies the bonuses depend on profits, sectoral profits and stock options (in part because of falling product prices). Unless the stock price goes up, the option incentives don't work, leading to repricing or loss of talent.