On Mon, 10 Apr 2000, Jim Birch wrote:

> Thanks for reality check, Robert.  There seems to be a lot
> of tiddlers on this list with white pointer delusions. 
> Look around, the business end of the net is being carved
> up by corporations


yes Jim but thats the thing that was and probably still is
about the Internet. The line between tiddler and white
pointer has changed. Many corporations are paying over
the odds for fear of being left out of the new economy.

And its the tiddlers that are taking them to the 
cleaners ...

doug

ps off topic for this list but an example of what I
am saying. A visiting economist to australia last
week pointed out that many of the Internet bubble players
are investing in ventures that are still laden with
fufillment and manufacturing costs. ie these costs
will ensure that the pe's people are paying are 
unsustainable.

Compare this to say software makers and others where
production and fuflfillment costs are essentially
zero.

There are many white-pointers who've got the model
totally wrong, backed the wrong horse and are unlikely
to ever make a profit on their current investment
(they have paid far to much to get into the game).