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http://www.redherring.com ------------------------------------------------------------ A D V E R T I S E M E N T Find out how Oracle's Global CRM in 90 Days saves you money, time, and resources. Click here to access: Larry Ellison's Global CRM in 90 Days Value Proposition, Online Overviews and Web Seminars, and Information on how to purchase Global CRM in 90 Days online, and more! http://ad.doubleclick.net/clk;2878814;5934422;s?http://www.oracle.com/go/?&;Src=646865&Act=106 A D V E R T I S E M E N T ------------------------------------------------------------ Catch of the Day: This is not rocket science Over the past few months, I've been indulging myself by talking to people in the aerospace industry. What they've been telling me I'm still having a hard time digesting. We have been led to believe that the only way to get to space is to spend billions of dollars doing so, and furthermore that it is an environment in which you and I have no business. These two tenets ignore both psychology and economics. The Dennis Tito incident shows that NASA fundamentally misunderstands the draw and the power of putting real people into space, as well as the entrepreneurial (risk-taking) spirit these people have. And it does not cost billions to get into space. Millions, perhaps, but this may be low enough to make space tourism viable. This is what XCOR Aerospace president Jeff Greason believes. XCOR is developing low-cost rocket engines for suborbital and low-earth-orbit manned vehicles. Amazingly, the company is already in its third generation of development, it has revenues, and it's gotten there on angel funding of only $300,000. There are people who want to ride spaceships, and there are people who want to build them. And this market may have bigger revenues, and smaller expenses, than most people think. - Rafe Needleman, rafe-needleman@redherring.com Editor, http://www.redherring.com COMPANIES * XCOR Aerospace http://www.xcor.com * Microcosm http://www.smad.com * SpaceDev http://www.spacedev.com * AeroAstro http://www.aeroastro.com * Aerojet http://www.aerojet.com * Pratt & Whitney http://www.pratt-whitney.com * Boeing http://www.boeing.com RELATED STORIES * Broadband wings it http://www.redherring.com/story_redirect.asp?layout=story_generic&doc_id=RH1980015598&channel=50000005 * Satellites recharge for another revolution http://www.redherring.com/index.asp?layout=story&;channel=50000005&doc_id=1960015596 * Catch of the Day: New material http://www.redherring.com/story_redirect.asp?layout=story_generic&doc_id=RH1910018591&channel=80000008 * Catch of the Day: Air fare http://www.redherring.com/story_redirect.asp?layout=story_generic&doc_id=RH1830017983&channel=80000008 * In satellites, Hughes is still the boss http://www.redherring.com/story_redirect.asp?layout=story_generic&doc_id=RH1990015599&channel=50000005 * Catch of the Day: Spying on the spy plane http://www.redherring.com/story_redirect.asp?layout=story_generic&doc_id=RH230019023&channel=80000008 ------------------------------------------------------------ A D V E R T I S E M E N T Find out how Oracle's Global CRM in 90 Days saves you money, time, and resources. Click here to access: Larry Ellison's Global CRM in 90 Days Value Proposition, Online Overviews and Web Seminars, and Information on how to purchase Global CRM in 90 Days online, and more! http://ad.doubleclick.net/clk;2878814;5934422;s?http://www.oracle.com/go/?&;Src=646865&Act=106 A D V E R T I S E M E N T ------------------------------------------------------------ Investor Center PeopleSoft is a solid company that has completed a fantastic turnaround in the last year. But the stock is now incredibly expensive, proving that good companies aren't always smart investments. Fish or Cut Bait: PeopleSoft is back, but pricey http://www.redherring.com/index.asp?layout=story&;channel=20000002&doc_id=890019489 VC and Startups New advertising or e-tailing ventures won't see much money in 2001, but intermediaries and service companies could make great returns for the brave souls who back them. Over Here: Tried-and-true business models are back http://www.redherring.com/index.asp?layout=story&;channel=40000004&doc_id=880019488&rh_special_report_id= ------------------------------------------------------------ UPCOMING RED HERRING EVENTS Venture Market Europe June 11 - 12 Hilton Park Lane London, UK Herring on Hollywood July 30-31 Century Plaza Hotel Los Angeles CA Venture Market East Sept 25 - 26 Fairmont Hotel Boston MA http://events.redherring.com/ ------------------------------------------------------------ SPECIAL OFFER on RED HERRING magazine! Stay on the cutting edge of technology -- subscribe to Red Herring. By taking advantage of this special offer, you'll pay only $39 for a total of 24 issues and SAVE 67 percent off the cover price! New subscribers only, please. http://www.redherring.com/index.asp?layout=magazine_us_subscrib ------------------------------------------------------------ ADVERTISING INFORMATION For information on advertising in Red Herring newsletters, contact: advertising@redherring.com ------------------------------------------------------------ You are currently subscribed to Catch of the Day with the address alewis@ect.enron.com. If you wish to unsubscribe, please go to http://www.redherring.com/index.asp?layout=e_newsletters, sign in using this exact address, and uncheck the newsletters you no longer want to receive. ------------------------------------------------------------ Copyright © 2001 Red Herring Communications All rights reserved ------------------------------------------------------------
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