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CNET Drkoop latest dot-com to run low on cash
"In an annual report with the Securities and Exchange Commission released yesterday, the company said it has "sustained losses and negative cash flows from operations since its inception," posing a threat to its future as a business. PricewaterhouseCoopers is the company's auditor.

Drkoop's shares dropped $2.56, or 41 percent, to $3.69 by the 1 p.m. PST close of regular trading.

PricewaterhouseCoopers said in the filing that the company's financial data has raised "substantial doubt about its ability to continue as a going concern.""

The New York Times Modigliani's Message: It's a Bubble, and Bubbles Will Burst
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"FRANCO MODIGLIANI says that the current mania for Internet and other technology stocks is not irrational. But it is a bubble, and it will burst.

"I can show, really precisely, that there are two warranted prices for a share," Dr. Modigliani said in a telephone interview. The one he prefers is based on such fundamentals as earnings and growth rates. But, he added, "The bubble is rational in a certain sense." The expectation of growth "produces the growth, which confirms the expectation; people will buy it because it went up."

The trouble, he said, is that the bubble price is naturally unstable. It can keep rising only so long as expectations keep growing. "But once you are convinced it is not growing anymore, nobody wants to hold a stock because it is overvalued. Everybody wants to get out and it collapses, beyond the fundamentals." "

The Motley Fool An Investing Tiger Calls It Quits
""[I]n an irrational market, where earnings and price considerations take a back seat to mouse clicks and momentum, [our] logic, as we have learned, does not count for much.... What I do know is that there is no point in subjecting our investors to risk in a market which I frankly do not understand.""

Arianna Onlilne Tarnish On A New Gilded Age
"At the same time that Fed chairman Alan Greenspan is doing his level best to keep the bullet-train economy on track, increasing numbers of major news stories are appearing on the plight of the poor...Could this sudden explosion of stories on the invisible poor be, as the first swallows are to spring, a harbinger of an economic downturn that we refuse to even contemplate? Are the mainstream media tapping into an inchoate fear among the multitude of debt-laden, savings-strapped, middle-class Americans that "there but for the grace of God and tech stocks go I"?"

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“"You're not a designer, you're not a writer, and you're not an editor!"

Well, no, blogger, you're not. And therein lies your gift. Because even if it's true the vast majority of blogs would not be missed by more than a handful of people were the earth to open up and swallow them, and even if the best are still no substitute for the sustained attention of literary or journalistic works, it's also true that sustained attention is not what Web logs are about anyway. At their most interesting they embody something that exceeds attention, and transforms it: They are constructed from and pay implicit tribute to a peculiarly contemporary sort of wonder.

...[T]he Web log reflects our own attempts to assimilate the glut of immaterial data loosed upon us by the "discovery" of the networked world. And there are surely lessons for us in the parallel. For just as the cabinet of wonders took centuries to evolve into the more orderly, logically crystalline museum, so it may be a while before the chaos of the Web submits to any very tidy scheme of organization.”

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