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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Roebear who wrote (61350)3/3/2000 8:42:00 AM
From: Think4Yourself  Read Replies (1) of 95453
 
Fascinating article! I never knew the two bubbles have so many similarities. The following paragraphs particularly struck me.

Intel, selling chips to its customers, did more online business in 1999 than all the dot.commies put together. Federal Express had more business on the Web than America Online and 17 times more business than Yahoo.
...
As with 1980's energy initial offerings, these new tech companies burn feverishly through cash, hoping to catch on with the public. Later this year, just as happened two decades ago, dozens will run out of cash--there are 140 now with less than 12 months' cash supply. Folks will then worry about who will run out of cash next, causing many more sound stocks to fall. Selling will run rampant in tech from small to large, even hurting the most solid tech stocks.
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