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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (15224)12/4/2002 12:12:13 AM
From: Lizzie Tudor  Read Replies (1) of 57110
 
You're in a totally different world than me... your business was the most hyped... software only had 2 hype companies arba/cmrc... in fact the big enterprise software companies actually crashed in 98/99 so there were far fewer people getting rich.

I think all the most bearish people on SI come from networking. It must seem like a nuclear winter to that industry, since it was straight up for 10 years. For software this seems like a severe cycle but not orders of magnitude worse than we had in some periods of the 90s.

To put it in perspective for you, sebl was the top company in software in the 90s... and in 99 sebl stock was about 7$/share if I recall. Imagine that, the top company in software selling for the same price it is today after this 3 year bear market. The naz was what, 3x higher then?

The amazing thing about software is that it is doing as well as it is with no revenue coming from those bubble companies who bought so much.
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