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From: | "hugh webber" <hugh.webber@clear.net.nz> |
Date: | Tue, 21 Dec 1999 13:41:33 +1300 |
staggering increases but I'm also staggered at the technical short sightedness. The generally accepted info is that copper will give way to ADSL and to 'wireless' applications but all will give way to fibre optic cable which offers much much more in terms of capacity, speed, insulation from interference. Why then plunge into wireless Internet applications on anything other than a short term basis? Or is it another case of how the music industry have managed to freeze out the technically superior digitised tapes in favour of CD's? I don't think so because Saturn etc are laying fibre optic cable in all directions. Would you buy wireless technology from Sky for your TV when you could buy much better fibre optic technology for your TV from Saturn? Would you still keep investing in Microsoft when it was about to be broken up like Bell Telephone and being overtaken by Linux anyway? Are you really tomorrow's men or yesterday's men? how do you know? Presumably some outfits like your UK one could have done equally well from 1984 to 1987... Anyway as I said before I'm guilty of making a large (unrealised profit) on Sausage Software but I'm not guilty of plunging into techs left right and center or accepting all the stories. Frankly I can't wait to get out and get my feet back onto solid ground but I've set myself a timetable to stick to. I can't really see the point of the argument we don't bag the Warehouse so don't you bag Global Chrome or whoever. Either credible data is available in the way of large positive earnings projections or its not (remember the Funds Manager who was in NZ just a few weeks ago who said 'only 2 tech coys in Australia had credible business plans and he wasn't saying who they were'. The fact that someone (incl me) is sitting on a large unrealised profit doesn't mean they'll still be sitting on it tomorrow - remember 20 October 1987 and all that; those who don't learn from history are condemned to repeat it. If someone invents a technically superior widget and then hundreds of coys around the globe get into it....it stands to reason that any profits are going to be competed out of existence. Take Sarah Corkill's extract where the profits from aviation have been matched by the losses from aviation so that overall - no profitability. And a number of similar examples were quoted. -------------------------------------------------------------------------- To remove yourself from this list, email sharechat-request@sharechat.co.nz with "unsubscribe" in the body of the message, or use the unsubscription form at http://www.sharechat.co.nz/forum.html.
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