What do you think of the Net business-to-business sector and BroadVision in particular?
The B2B sector has attracted [the attention of] many investors. There is a large opportunity, but many of the companies in this space have astronomical valuations relative to what they ultimately will get paid for. A company I own in the space is i2 Technologies. In i2’s case, they have a real business in automating the supply chains of their customers with software. Dell Computer is a large customer. The next step for i2 is to take these very deep relationships and installed software platforms to develop a true value-added B2B solution. They can add a lot more than simply matching buyers with suppliers. Q: Do you own any financial services companies in your small-cap fund? A: I own several in the Aggressive Growth fund. Schwab is an example I’d like to talk about because the company is perhaps the best example of management foresight. It was just a few years ago that Schwab lowered commission rates at the same time they increased spending on systems to enable Internet financial servic
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