Right now this market for these types of securities is much more like 1982, the fundamentals continue to validate my POV.
I would say 1985, after the PC froth and crash. PCs had quite a speculative period in the early 80s... most don't remember it but I was local to SV at the time (in HS and college) so I remember it fairly well. There were no jobs in technology in 1985, a terrible year for new graduates (unless you were into defense).
Anyway since you seem to agree with me that internet content companies are leading, why restrict it to just ebay. Look at how yahoo is holding up. There are some smaller players too like fwht that are defying gravity (but I am waiting for the google IPO for that space).
Seems like they are building the foundation for the next growth phase-
Yahoo to launch paid Net video service
Yahoo is close to unveiling details of a paid, subscription-based Internet video service that will compete with a similar product from RealNetworks, according to sources familiar with the plans.
Yahoo has been in discussions with television networks to become content partners in the new service, which could feature video clips from News Corp.'s Fox network, Viacom's CBS and Walt Disney's ABCNews.com, according to sources close to the negotiations. The sources cautioned, though, that deals have not been sealed and plans could change.
Indeed, the organization of content on Platinum Yahoo coincides with this view. Television networks would provide Yahoo with repurposed or exclusive clips from television shows, most likely reality programs, or offer video news packages that may have already aired on television, sources said.
news.com.com
If you believe internet content will recover and lead next upcycle then it might be logical to assume the infrastructure guys will also come back eventually so maybe theres some wildcard in that group worth buying if we get a brutal decline. But it has to be cheap enough.
Lizzie |
