malach hamovess

The Dow's Lost Decade

Rash generalization, at best. It's not about the industrial era vs. the information era - after all, Citigroup has as many programmers on its staff as Microsoft.

It's really an issue of a complete lack of real earnings by many institutions, cutting across multiple industries with a pattern that is discernable only to those who create numerous exceptions to define rules.

If information were dominant, Microsoft would be riding high along with Intel which virtually solidified its hold as the core of all tech.

Will Google Soon Force Time Warner To Take AOL Public?

a bit of "tail wagging the dog here", isn't there? even if twx were to take aol public, there's no indication that it would break itself up; it could do the same as it's done with the cable business - create a 19% public 81 percent owned sub in a basically tax-neutral transaction. if google then owned 5/19 of the "public" company, its stake would be pretty illiquid.