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Strategies & Market Trends : The New Economy and its Winners

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To: stockman_scott who wrote (11622)5/19/2002 2:19:52 PM
From: Lizzie Tudor  Read Replies (4) of 57684
 
Attendance at the 30th annual JP Morgan H&Q technology conference plummeted 23 percent from its peak last year to 3,260 people, the lowest figure since 1994 -- before the world discovered the Internet.

"This is some of the worst sentiment I've ever seen," said Gary Nackerson of Firelake Research. "In a lot of ways, it's even worse than last September."


Imo sentiment is worse than 94, which was a very bad year stock market wise- nonetheless there were still strong tech companies then, fore and cisco for two. Now we have nothing. This is more like 91 timeframe after the gulf war when everything crashed, imo. Both of these periods were great time to deploy new $$ into the mkts though.

Investment banks advised on just 81 technology deals worth about $7.8 billion in first quarter 2002 compared with 146 deals worth about $94.7 billion in first quarter 1999, according to market research firm Thomson Financial.

I wonder how many deals we had in 91 or 94. Probably right around 7 billion is my guess. And all we had then was LANs, PCs and ciient/server.
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