Jeffrey Maxick Quotations

There are so many poor people in China, and they don't need a super-powerful system. As long as they can get something cheaper and still communicate, that's all that matters. Access to the Internet is the most important thing.

I think they're clarifying their focus in certain areas. I don't think it's a big deal, but if it helps them focus better on certain areas it's certainly a good thing.

The question is can they offer it free without it looking like predatory pricing. I'm not sure they can do something that extreme when in the next six months they'll be getting some kind of judgment in the Department of Justice trial.

With AOL likely switching to Navigator, the pendulum will swing heavily back to Navigator.

Up until a week ago, companies had been running on expectations over fourth-quarter earnings. I don't think people are expecting anything bad. But more recently, it got to the point where these stocks ran up so much that a little profit taking ensued.

This was beyond most people's wildest dreams. They keep running on all cylinders and I don't see anything in the way to stop it.

Right now we have 45-percent PC penetration in the U.S.. It will be years before we see that in China. There's no need for the Internet right now. They have plenty of other problems.

Companies have to invest in research and development, lest their competitors pass them by. And they have to spend money in sales and marketing to make sure their products are getting their due in terms of promotion. Right now, the environment is so competitive that it's impossible to shift the increase in costs to the consumer, and companies are getting their margins squeezed.

They're trying to diversify their bets. They don't know who will be the leader in this space, and they want to have a presence with whoever has the potential to be the leader.

Stocks don't always trade in conjunction with their business fundamentals. Companies like Compaq and Dell don't have big overseas exposures. They're just getting caught up in this general market sell-off.

It's definitely the next big boom, if it's not already, for the PC market. If you talk to Intel, they say China is their third largest market behind the U.S. and Japan. It passed Germany recently. And with PCs getting cheaper, that will be good for Internet companies.

It will take five to 10 years for China to become a major force. We're still talking relatively small numbers. I can easily see 100-percent growth in the next couple of years.

If you look at a company like Dell, it's gone up so much so fast that there was little support between 120 and 130, so its not surprising that they would give some of it back.

The market already knows this is going to happen. There are so many things going wrong for the company right now, and this is just one.