Fears of Dot-Com Crash, v. 2.0
Chris Gaither and Dawn C. Chmielewski write in The Los Angeles Times:
Is the bubble about to burst — again?[I started calling it 'Bubble 2.0'. - ferg]
Investment in Internet companies has climbed so steeply since the dot-com crash of 2000 that some Silicon Valley veterans worry that too much money is again pouring into too many unproven, unprofitable ideas — setting the stage for another high-tech shakeout.
Watching venture capital firms invest hundreds of millions of dollars in new Web companies last year, longtime Internet executive Richard Wolpert branded the upswing "a mini-bubble." But "about a month ago," he said, "I started dropping the word 'mini.' "
More here.
posted by Fergie @ 7/16/2006 12:51:00 PM
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