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The great unplugged can only watch with awe and dim perception when Wall Street hunters ride to hounds in a mad chase after computer stocks.
Last week’s quarry was anything–be it possum, skunk or fox–remotely related to the Internet, the great information bulletin board that those in the know keep telling us will someday overwhelm reality.
Leading the pack, so to speak, was Naperville-based Spyglass Inc., which licenses popular software for browsing the Internet’s World Wide Web. The company reported fourth-quarter earnings of 20 cents a share, far more than the Street anticipated. At 300 times earnings on some stocks, prices may be a bit overripe.
