The Internet Bubble - Hardcover

Just as the authors predicted, the Internet bubble has burst. Brothers who founded the business and high-tech magazine Red Herring, they had issued a warning in their prior book, The Internet Bubble: Inside the Overvalued World of High-Tech Stocks and What You Need To Know To Avoid the Coming Shakeout (LJ 11/1/99), which analyzed 133 Internet-related businesses and advised investors who held these stocks to sell. Of course, no one listened. Examining the charts and calculations of the same 133 overvalued companies for this edition, the authors discovered that every company has indeed lost value. Here, they delve deeper into how individual investors lost significant amounts of money, showing that venture capitalists, entrepreneurs, investment bankers, and those who underwrite companies had access to "insider" information and were thus able to capitalize on speculative initial public offerings (IPOs) while pushing unproven companies onto the unsuspecting average retail investor. Despite these findings, the authors remain bullish, arguing that the emergence of new technology has created interesting growth investment opportunities and that the "high-tech industry still has a great future that investors can profit from if they know where to look." Recommended for business collections in public libraries. Bellinda Wise, Nassau Community Coll. Lib., Garden City, NY
Copyright 2001 Reed Business Information, Inc.