>>On April 26, the price of the most spectacular of the Internet boom stocks,
Amazon .com Inc, reached $US221, giving the company, which has never
made a profit, a market value of more than $US30 billion, more than the
entire market value of the global publishing industry. Amazon dropped
more than 60 per cent after that peak. The other great Internet market
maker, America Online, crashed more than 50 per cent from its April peak,
and the online auction house eBay crashed 65 per cent. Overall, Net stocks
plunged more than 40 per cent between April and July before staging a rally.<<
>>. Mary Meeker is
not worried. "There's no doubt in my mind that the aggregate market value
for the Internet sector will be a lot higher in three years than it is today. It is
just a question of which companies succeed and which companies fail. I think
there will only be a couple of handfuls of companies that really succeed."
Mary Meeker is rich and influential because, as the Internet analyst for the
investment bank Morgan Stanley, she partly directed the Internet boom. "The
Internet is the only thing I've seen, in 27 years, that seems to be affecting
every industry group," she told The New Yorker recently. "It's time to build
a brand. It is really land-grab time." 8. The Internet bubble deflated, but the
market did not. While the Internet leaders went into free-fall in the middle
of this year, the overall stockmarket remained solid.<<
Glenn, Australia?? Just when I was ready to put every dime I have into this market you bring out another caution? From Australia??
Did you know I didn't know the queen net-pimp was followed in Australia? |
