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Technology Stocks : DoubleClick Inc (DCLK) -- Ignore unavailable to you. Want to Upgrade?

To: Thomas C (Hijacked) who wrote (2248)	6/5/1999 10:51:00 AM
From: JLIHAI	Read Replies (1) \| Respond to of 2902

When Warren Buffett was on PBS with Bill Gates a couple of months back, he was asked why he hadn't ventured into the tech stocks. He responded that he preferred to stick to businesses he felt he understood, and that he didn't feel he had the same grasp for technology as he did for other businesses. That's not an exact quote but it's close. JL

To: Thomas C (Hijacked) who wrote (2248)	6/5/1999 11:19:00 AM
From: DEllilah	Read Replies (1) \| Respond to of 2902

Thomas, I think WB is searching for the right vehicle because when he does invest in technology he will want it to be right. I don't see any way he can stay out of it indefinitely. Suppose DCLK is a "safer" venture than a chip or a box maker or wireless or cable...with huge upside possibilities, and the probabilities are all there. Thanks for some encouraging ideas. de

To: Thomas C (Hijacked) who wrote (2248)	6/5/1999 3:30:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 2902

I've been in this stock for a long time but this has always been a slow board. We talk about dclk and all the internets on the amazon thread though. There have been a few books on Buffetts strategy (and a new one is out now, I haven't read it yet)... but he states consistently he is looking for profitability first. The next criterion is value. Dclk offers neither at this point although I feel the growth potential outweighs the value aspect. One of the reasons profitability is so important to him is that he is concerned that a resurgence in inflation can wipe out prior years gains unless the company is highly profitable, at which point inflation can actually help the bottom line... (inflation causing an increase in sales prices and expenditures... if expenditures are small relative to total sales, inflation will actually increase the bottom line). I know he says "no technology", however he did invest in Frito-Lay which is technology intensive, he might have well invested in Dell, its a similar animal (in fact some Frito execs were just hired by Dell). Michelle