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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (620853)	7/23/2011 1:53:33 PM
From: i-node	2 Recommendations Read Replies (1) \| Respond to of 1579100

Look. The Nasdaq was being driven by speculation in companies that didn't have a plan for making a profit. Some didn't have a plan for making money of any type. That means this isn't a measure of anything at the time. It is true, many of the companies didn't have substantive business models. But the Internet economy was real: Companies were putting up e-commerce sites, buying servers, and hiring people. Yes, there were spectacular failures that were a small piece of economic pie. But there was tremendous economic activity at the same time that was a direct result of the Internet.