On Wed, 10 Apr 1996, Robert Bowman wrote:
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As long as Wall Street likes the Internet, the industry will continue to grow by leaps and bounds. When they decide it is no longer trendy/profitable then we'll notice most of the garage ISPs will disappear.
...
Conventinal investment wisdom is you sink in the big $s, gain market share, sit tight and let the cash cow bring in profits...sometimes for a decade or more... and in some rare cases this was true for data communications as well. In the case of Internet however, you invest, build the network, you try for market share, you UPGRADE (i.e. invest more), you try for more market share, you UPGRADE again, etc. T-1 to DS-3 to OC-3 and beyond... Bigger, Better, Faster... The two to three year investment cycle seems inevitable.. One can only wonder as to how long it will remain palatable to investors. -Mulugu ========================================================= Mulugu Srinivasarao Tel : 703/904-2013 SprintLink Engineering Fax : 703/904-2292 Sprint, GSD Bldg.