I laughed when I saw the listing sheet. The real estate agent told me there were already multiple bids over the asking price. They are based on momentum, hope and hype. Occasionally you find sustainable revenues and genuine prospects for profits. I've been rediscovering the genius of Fats Waller.
Every newsie has a store of funny stories they love to tell other newsies.
I was at an Oracle briefing with John Markoff, the terrific tech correspondent for the New York Times, and about 15 other reporters. Larry Ellison was discussing the Microsoft case and said Microsoft had bludgeoned Digital Equipment Corp. into dropping a Network Computer project that DEC was working on with Oracle. Then Ellison said this would all be in the news soon, as the New York Times was working on a story on it. Needless to say, this came as interesting news to the rest of us, and we all raced back to our papers to check it out and file our own stories. I was working on one when the NYT wire moved John's piece, which was far better sourced, naturally, so the Mercury News went with his story in the next morning's paper.