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Strategies & Market Trends : The New Economy and its Winners

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To: stockman_scott who wrote (15456)12/21/2002 5:56:16 PM
From: Lizzie Tudor  Read Replies (5) of 57684
 
I wonder if the Google IPO will create the spark needed for tech stocks to rally again. Bull markets are supposed to start with a hot ipo.

One bright spot will be Internet growth. The search site Google (news - external web site) is queued up for a first-quarter IPO off of surprisingly virile numbers--some $300 million in 2002 sales, $100 million in profit. Profit?... For an IPO?... An Internet IPO? Yep. AOL (NYSE:AOL - News) 's troubles aside, 2003 may go down as the year that even a few godforsaken content sites turn a profit. Stay tuned.
story.news.yahoo.com
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