“Just when you think the Internet stock craze can’t get more
irrational, along comes an initial public offering to top all other
insanity.”
“The probably quaint, but nevertheless reasonable, assumption
must be that if investors deem a company worth nearly $10 billion,
they have expectations of profitability.”
“They say they’ll make money on support, service and their Web
sites. Fine, but how rational is it to pursue a business plan aimed
at eliminating the basic product’s potential profitability?”