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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: pater tenebrarum who wrote (4079)6/1/2001 4:44:45 PM
From: yard_man  Read Replies (1) of 74559
 
>>the whole tech sector has been transformed from incredible boom to a fight for survival in a matter of less than a year. <<

With all the accounting flim-flam -- don't you think they were already fighting for survival from about mid-99. There weren't that many hi-tech firms showing gangbusters growth except those starting from a very small base. Some said revenues shrank while profits held steady or grew during those later quarters of 99 -- looked like nonsense, smelled like nonsense, and sure enough ...
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