Move Away From the Dichotomy of Old and New

Stop it with the Old Economy/New Economy stuff already.

It is a dichotomy that makes you no money. We think the world is divided between companies that rely principally on the Net to make money, and companies that rely on the whole economy to make money.

Sometimes they intersect. Oracle(ORCL Quote), for example, gets most of its earnings away from the Net but gets its buzz from its B2B work. So we think that Oracle is an important tell. But LSI(LSI Quote) and Texas Instruments(TXN Quote) are not principally Net, so they might be okay. ...