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Another Dot-com Boom?

Posted by timothy on from the buy-lnux-please dept.

Ryan Hemelaar writes "CNN Money is reporting that the internet might be at a stage of another dot-com boom, with the top tech stocks now gaining ground again after the dot-com crash. From the article: "Now, 10 years after two key events in the history of the Internet -- the successful IPO of Netscape, which many cite as the beginning of Wall Street's love affair with 'Net stocks, and the founding of Yahoo! -- we're in the midst of a new, let's say mini dot-com boom.""

5 of 253 comments (clear)

  1. Buy, buy, buy!! by Anonymous Coward · · Score: 5, Funny

    There's no end in sight!

    1. Re:Buy, buy, buy!! by Darmox · · Score: 5, Insightful

      The four most expensive words in the English Language: "This Time It's Different"

      --
      If I was that drunk, I would have remembered it -- H. Simpson
  2. Google's IPO by metlin · · Score: 5, Insightful


    Not to mention Google's IPO today, which has been valued quite highly.

    Google is a great company with some really good services, but where does their core revenue come from, other than ads and maybe sales of their few SE boxes?

    Makes you wonder, once again. Remember - it does not matter if you have the greatest idea on Earth, if your revenue is not from tangible assets (for relative measures of tangible ofcourse), the market will put you down eventually.

    This is what I'm scared of - if things like that do happen, we'll once again go into an IT industry crash. :-/

  3. With a hopefully smaller burst of the bubble by ChrisF79 · · Score: 5, Interesting

    It will be interesting to see how Wall Street reacts the second time around with these tech stocks. I would hope people can look back now and wonder what they were doing, consistently buying these stocks with P/E ratios of 300 and higher. With the tech bubble of the 90's still fresh in investors' minds, I would speculate that this time it won't get quite so out of hand. The name of the game on Wall Street is earnings, and in my opinion, one of the biggest problems we had with the last tech bubble is that so many of these companies had no earnings to speak of. To make matters worse, I don't know that a lot of these companies (pets.com) had a good idea of how they would ever have earnings. Hopefully the big investors such as pension funds, insurance companies, and mutual fund managers will think twice about backing some of the more obscure companies. Perhaps I should do an understandfinance.com IPO :)

    --
    Finance tutorials and more! Understandfinance
  4. $78,540,000,000 by bigtallmofo · · Score: 5, Funny

    Blasphemy! How dare you suggest that Google might not be worth nearly EIGHTY BILLION DOLLARS. That's its current market capitalization.

    How does that compare to other companies?

    Oracle: 64.78 billion
    3M: 58.56 billion
    American Express: 68.43 billion
    Disney: 57.82 billion
    General Motors: 19.48 billion
    Red Hat: 2.2 billion

    Anyone that suggests that a brand new company like Google shouldn't be worth 4x more than General Motors just isn't thinking correctly.

    --
    I'm a big tall mofo.