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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Vitas who wrote (14902)	5/25/1999 4:49:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

Predecessors of the internet boom illustrate how few succeed. 1983 PC stocks - Commodore, Atari, Altair, Compaq, ... 1991 Local Area Networking stocks - Bay, 3Com, Cabletron, Cisco, ... AOL took a two-thirds dive in 1995-6 when the internet was ruled the death of online service providers and the IPO of Netscape came out.

To: Vitas who wrote (14902)	5/25/1999 5:14:00 PM
From: Jon Stept	Read Replies (3) \| Respond to of 99985

Vitas, re:"what is germane now is that we just had a speculative..." Hi Vitas, Thank you for responding to my post. No matter how hard I try, I cannot compare the biotech craze to the computer craze... we have not yet seen the biotech craze because they do not have the knowledge yet to shift to rapid product development using applied science in terms of genetic manipulation. It is fundamentally different as water is from air. However, I do have faith the biotech craze will come and whoa!... it is going to be awesome!! Man, the stuff they are going to come out with... just think of it... then again the latest boner that Monsanto pulled by genetically engineering corn that is now being planted all over the world that might wipeout and entire insect species necessary for the corn's bio-feed chain... jeez. Hope the biotech companies are smarter than Monsanto... Anyways, the biotech industry does not have backyard tinkerers, nor is it open to anyone who can purchase a computer nor has it produced even close to the number of applied-science maturity products that have emerged from the high tech industry that have fundamentally impacted our economy... they are light years away from where the tech industry is. How many people do you know coming out of college that are trained in a biotech field? How many in high-tech fields? Have you seen the projections for where job growth will be... it sure is not for biotechnologists, it is for system analysts, LAN adminstrators software engineers and telecommunication engineers. So, in my opinion comparing the two is foolhardy. The other item I want to ask is this: Where do you think all those 401K plans are going to put their money... in cash? In basic industries? The baby-boomer, strong economy, induced massive 401K liquidity phase is far, far from over. When will that end?... now that is something to worry about. Let the stocks go down... it is expected... they won't stay there. Just my opinion. Jon :)