To: Bob Mohebbi who wrote (17747 ) 5/3/1999 3:58:00 PM From: D PARKER Read Replies (2) | Respond to of 40688
Another re-affirmation of why I stay invested in PNLK:plan.ml.com Transcript ((edited for brevity)) John L. Steffens and James Cramer on Yahoo!—April 12 , 1999 On Monday, April 12, 1999 Merrill Lynch Vice Chairman John L.Steffens and Columnist James Cramer discussed how the Internet has affected investing. Below is a transcript of the evening's online event.JSteffens: Hello and welcome to the chat! The information revolution has become a decision-making revolution with major impacts on personal investing. Individual investors take for granted free access to financial info that used to be precious and scarce. They manage personal portfolios previously available only to professional managers. There are right ways to use these new powers to become a successful investor in the digital age, and there are wrong ways to use them that can lead to extremely disappointing results. The key to successful investing in the coming years is to make determinations of where the world is going to be and get there ahead of time......Daffeduck asks: Do you think business-to-business applications over the Web will be bigger than business-to-consumer applications?JSteffens: Biz-to-biz apps are already bigger than consumer apps. But only a small part of medium to small corporations are hooked in to any kind of e-commerce capability. There will be major growth opportunities in the biz-to-biz communities, to allow even small biz to go beyond their geographical area, even internationally..... *****end of quotes, see above link for more discussion on internet trading****There will be major growth opportunities in the biz-to-biz communities, to allow even small biz to go beyond their geographical area, even internationally. Mr. Steffens may or may not know it, but he is referring to PNLK's involvement in the global expansion of trade!! Look at the stock prices of the popular business to consummer companies then look at where PNLK is at today. The bandwagon that has everyone saying b2b will be larger than b2c is getting crowded. HMMMMMMMMMM Dave