Thursday, February 03, 2005

The New York Times > Technology > It's Maybe a Bubble, but a Selective One

The New York Times > Technology > It's Maybe a Bubble, but a Selective One: "Is the Internet bubble half empty or half full?
With Google's stock on a roll, rising more than 7 percent yesterday to close at $205.96 and prompting some analysts to predict it will hit $290 or more in the coming months, it can seem like the late 1990's again on Wall Street. Shares in Google have been trading for less than six months, but they have risen 142 percent and the company has a market value of $56.2 billion, equal to that of Starbucks, Nike and Southwest Airlines - combined.
Shares in another Internet star, Yahoo, are up 73 percent in the last 52 weeks.
But try convincing the chief executives of eBay and Amazon.com, two undisputed kings of the Internet era, that investors have had a relapse of irrational exuberance."

Timely snapshot/reality check.
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