Author: Jay Rinde
Date: 09:42:33 11/16/98
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Well, after I read Mr. Hyatt's comments about the stock market and IBM's chess victory over Kasparov, I decided to search the internet to see what I could find. I used such words as (ibm deep blue "stock market") I got more information than I bargained for. When people or organizations mention the subject, they most agree that IBM made a PR and financial killing. Some sources go into this much more than others and talk about the sales of the equipment associated with the event. Since this information is rather easy to find (but time consuming in going over it all)I would think anyone interest could look it up. I also would think that the statements "PR and financial" killing would somehow affect the stock market. Anyway, anyone interested should take a look. I found Alta Vista had quite a bit, even though other engines did well. On November 16, 1998 at 04:24:16, Amir Ban wrote: >On November 15, 1998 at 21:27:27, Robert Hyatt wrote: > >> ... I ignored the stock business as that was silly but not >>insulting in any way. > > >Ever since Bruce commented on this stock issue I dropped it because it has no >real importance, but I'm getting fed up with being flamed over this. > >As a point of fact, it's perfectly true that IBM stock rose 20% (actually more) >in the timeframe of May 97. This rise was significantly over the S&P 500 index. >No, it's not possible to prove that this is a result of the match, just as it's >not possible to prove that any stock movement up or down is related to any >concrete event. But: Yes, it is quite likely that the match affected stock >prices, and companies stock has been known to move more than 20% in response to >smaller events than gigantic media exposure of a success story. Such a rise, by >the way, only indicates a public expectation of a 20% gain in future >profitability (not revenue, Bruce), which may be wrong, but public expectations >often are. > >To say that the rise is a result of the match is perhaps jumping to conclusions. >To state as proven that it is not is foolish and ignorant. > >Sometime when the CCC charter will be revised I propose an item that says Bob >can only post on topics he understands and bothered to check the facts. > >Amir
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