--- dep <[EMAIL PROTECTED]> wrote:
> On Thursday 30 August 2001 10:12, Jerry McBride wrote:
>
> | A tough day for wall street. Right about now, all those nice certs
> | in my stock protfolio
> | are about as worthless to me as a 12 pack of toiletpaper... but too
> | rough to enjoy...
> |
> | Say what? ;')
>
> not to put too fine a point on it, and not to minimize your loss in
> any way, but it has been highly obvious for close to five years now
> that the equities market was being driven almost entirely by fantasy.
> consider that at the end of 1999, va linux was selling for more than
> $250 per share -- and it had never earned a penny, had no prediction
> of when it would earn a penny, and had no prediction of *how* it
> would earn that penny. several of my friends and i remarked at my
You neglected to mention that VA Linux stil has no real prediction of
when it will earn a penny. In fact, these days its far more likely that
VA will go under than earn a profit. Times are *tough*. VERY TOUGH out
in Silicon VAlley right now.
First Wall St. woke up and realized that dumping money into companies
that had no product, or no future was a bad idea, and they all pulled
out. Then all the VC ran out, and then it all went to hell.
Companies that had a product, and had a chance of remaining or becoming
profitable lost all hope when their primary customer base was the
LinuxONE & Webvan of the world.
VA Linux's customer list was a who's who of the .COM world. You could
literally pick a .COM at random, and odds are VA sold them their
hardware.
Then all the rest of the market fell apart. When SUN, SGI, Dell, Compaq
& Gateway are cutting staff left & right, you know that no one is
immune.
The running black humor out in the Bay area these days is to use the
highways as the barometer of the health of the economy. Taking a look
at any freeway would indicate how many people were unemployed.
Apparently 3 years ago, it took close to 3 hours to drive about 50 miles
from Sunnyvale to Fremont. Now you can do the distance in about 70
minutes on a bad day.
I spend every day working in a veritable blood bath. This is far from
over. Those with stocks are the lucky ones. They are just losing
money. Many more are losing their jobs, doing what they truly loved.
I've now survived 3 rounds of layoffs. I wish all i had to loose was
some money in stocks.
=====
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Lonni J. Friedman [EMAIL PROTECTED]
Linux FAQ & Step-by-step help: http://netllama.ipfox.com
.
__________________________________________________
Do You Yahoo!?
Get email alerts & NEW webcam video instant messaging with Yahoo! Messenger
http://im.yahoo.com
_______________________________________________
http://linux.nf -- [EMAIL PROTECTED]
Archives, Subscribe, Unsubscribe, Digest, Etc
->http://linux.nf/mailman/listinfo/linux-users
