Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
In Capital as Power the difference between the capitalization of Microsoft and GM was used to illustrate the role of "hype" or "bezel" in capitalization. GM had massively greater physical plant and total physical assets, but because of expected cash flow and return on capital, had vastly smaller capitalization.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Jul 18th, 2010 at 12:20:37 PM EST
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