Re: Cisco Briefly Tops Microsoft in Value

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From: Eugene Leitl (
Date: Thu Mar 23 2000 - 19:23:15 PST

Manoj Kasichainula writes:

> Really? When stock can be used as capital, capital is theoretically
> infinite.
But you can't cash it in, without losing your stock value. Of course
dot coms need little physical infrastructure, and since employees (and
nowadays even SF landlords) are content with stock options, this can
go on for some time more. Fascinating.
What is really worrying me though is the capital drain from other
worthwhile R&D enterprises (aerospace, biomed, nano) with potentially
tremendous profits, and the ensuing/postbubble deep suspicion of the
general public concerning hot tech.

This could hurt for a long time. Somebody please make it stop, gently.

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