“Among the harsh realities one stands out. Of all the hot air generated during the great bull market of the late 1990’s, none propelled stock prices further than the notion that new economy stocks were a breed apart and should not be held to stringent, old economy investing standards. Internet companies and cutting-edge telecommunications concerns, after all, were revolutionizing the world. So, the thinking went, their share prices deserved equally radical valuation methods. Out went traditional methods used by securities analysis that prized earnings. In came freewheeling measures of worth, like revenue growth, Web site traffic and even customer ’share of mind.’”

This entry was posted on Tuesday, March 20th, 2001 at 12:00 am and is filed under Business. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

“Among the harsh realities one stands out. Of all the hot air generated during the great bull market of the late 1990’s, none propelled stock prices further than the notion that new economy stocks were a breed apart and should not be held to stringent, old economy investing standards. Internet companies and cutting-edge telecommunications concerns, after all, were revolutionizing the world. So, the thinking went, their share prices deserved equally radical valuation methods. Out went traditional methods used by securities analysis that prized earnings. In came freewheeling measures of worth, like revenue growth, Web site traffic and even customer ’share of mind.’”

This entry was posted on Tuesday, March 20th, 2001 at 12:00 am and is filed under Statistics. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.