Word: weintraut
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...First Albany brokerage firm. "There's a pretty exciting future for companies on the Internet. But these stock prices are irrational." Not that rationality has ever counted for much on Wall Street, which prefers hopes, dreams and whispers when it looks ahead. As venture capitalist J. Neil Weintraut puts it, "There is no reasonable way to value these companies." Still, professional analysts have to try. And few want to buck the trend: last week Donaldson, Lufkin Jenrette analysts raised their price target on Yahoo to $250, positing another 25% gain within the next year...
When the first 2,400 Macs arrived at Drexel in February 1984 and were distributed to freshmen and faculty, university officials noticed an immediate, if unanticipated, result: rather than studying for their upcoming exams, many of Drexel's 13,000 students were "Mac-ing around." Says Steve Weintraut, president of the campus computer users' group: "Everybody just barely made it through finals...
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