Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: flatsville who wrote (8863)	10/3/1999 11:02:00 AM
From: C.K. Houston	Read Replies (2) \| Respond to of 9818

Sounds just like what happened in Houston pre-recession. <The dot-com IPO boom is yet another aspect of today's speculative bubble ... Though few of these companies will ever earn a dime or even survive, they've produced billions of dollars in IPO proceeds. And these, in turn, give company executives and venture capitalists the wherewithal to indulge their wildest fancies.> Reminds me of Houston during the boom times of the 70's and early 80's. I went to a "progressive dinner" back then, where we flew on private jets from Houston to Dallas to Midland for different courses. Talk about indulging in wild fantasies. <And what of all the online outfits renting fancy space in commercial office buildings? ... "The point is that the money which is being used to buy ads and fill up suburban glass towers is coming from recycled IPO proceeds and not corporate earnings" ... "This phenomenon is totally artificial and unsustainable. And when the IPO window finally slams shut, and it will soon, I expect it to trigger a nasty correction in the U.S. economy." Deja vu. Cheryl