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To: WhatsUpWithThat who wrote (190)	4/14/1999 11:23:00 PM
From: mappingworld	Read Replies (1) \| Respond to of 776

An interesting article from today's New York Times titled, "Computer Age Gains Respect of Economists". Of course I find this rather amusing (I apologize to any economists among us), for this group, imho, has been consistently wrong on just about everything. However, better later then never, let's be gracious and allow the economists in on the 'secrets' of the information technology age. Here is a substantial snippet: "In a nation of technophiles, where Internet millionaires are minted daily, it seems heresy to question the economic payoff from information technology -- the billions upon billions spent each year by companies and households on everything from computers to software to cell phones. But for more than a decade, most of the nation's leading economists have been heretics. They have not been much impressed by the high-tech dogma -- embraced by corporate executives, business school professors and Wall Street alike -- that regards the transformation of the economy through the magic of information technology as a self-evident truth. "You can see the Computer Age everywhere," Robert Solow, a Nobel prizewinner from the Massachusetts Institute of Technology wrote a few years ago, "but in the productivity statistics." For years, even as the computer revolutionized the workplace, productivity -- the output of goods and services per worker -- stagnated, barely advancing 1 percent a year. So it is easy to see how Solow's pithy comment became the favorite punchline of the economic naysayers. Yet today, even renowned skeptics on the subject of technology's contribution to the economy, like Solow, are having second thoughts. Productivity growth has picked up, starting in 1996, capped by a surge in the second half of last year, after eight years of economic expansion. That has drawn attention because past upward swings in productivity typically occurred early in a recovery as economic activity rebounded. Once companies increased hiring, it slowed again. The question, posed by economists, is whether the higher productivity growth, averaging about 2 percent in the last three years, roughly double the pace from 1973 to 1995, is the long-awaited confirmation that the nation's steadily rising investment in computers and communications is finally paying off. The evidence is starting to point in that direction. "My beliefs are shifting on this subject," said Solow. "I am still far from certain. But the story always was that it took a long time for people to use information technology and truly become more efficient. That story sounds a lot more convincing today than it did a year or two ago." Too amusing for words...... <ggg> Olga

To: WhatsUpWithThat who wrote (190)	4/15/1999 8:32:00 AM
From: Syl98	Read Replies (3) \| Respond to of 776

I started it. I was just referring to BII non sense market cap of $1 billion. $40 was just a number thrown in the air. I agree multiple are lower and at $40 the M cap would be a billion as well and no way they will ever sell online for that amount unless they buy Amazon or CDWorld,CDNow,Music Boulevard. So fair value by DEC 99?...$15-20 Look at the shares price of CD NOW at $15 us ($23cdn) with market cap of $267M us ($400 cdn) and there 52 high is $39us. OK not the same sales potential because one is in US and the other is in Canada. But online business as no barrier and who know's maybe when CDPLus get's public a competitor could get attract by an acquisition PS:Can you explain how you get 10% of the CIE? Sylvain