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From: Kilgallen@SpamCop.net (Larry Kilgallen)
Newsgroups: comp.lang.ada
Subject: Re: employment with ada
Date: 9 May 2003 12:13:39 -0500
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In article <1052485899.462211@master.nyc.kbcfp.com>, Hyman Rosen <hyrosen@mail.com> writes:
> tmoran@acm.org wrote:
>> people seem *less* willing to make investments with longer payoffs!
> 
> The whole internet/telecommunications bubble was partly a result
> of people making investments with longer payoffs, so long, in fact,
> that they would never happen. The reaction to that has been a
> contraction to projects with more immediate and forseeable returns.

At least in the case of fiber optic networks, the problem was that there
were many people making the _same_ investments, counting on getting the
whole of whatever future market would evolve.  Even in the face of the
outlandish pretensions we see, people just don't have that much valuable
data.