Outlook: Technology boom
Tuesday 07 December 1999
There are plenty of good reasons for remaining on the jetty, not least those apparently crazy valuations. Some of them may eventually be justified. For instance, there seems little doubt that ARM is going to be a big winner from the new economy. But most of them won't and the only reason they are valued as highly as they are is because of their scarcity; in Britain at least, the number of quoted ways into the new economy is still limited. The very thin market in many Internet and technology stocks makes matters worse still.
But counting against this cautious, traditional investment approach is the momentum building up behind these industries. Over the last six months, scepticism has begun noticeably to fall away and nearly everyone has bought the new economy story to some extent. Most fund managers are still profoundly under weight in these sectors, and they are casting around for ways to get in. Inevitably, there will eventually be a terrible shakeout, but it's only a stale bull or a brave man who would call it now.
- 1 Double chins could be 'cured' without surgery or dieting using new injection
- 2 The BBC has just done more to eradicate ‘terrorism’ than all our wars since 9/11
- 3 Dog thinks owner is drowning in lake, dives in and tries to pull him out
- 4 Thank heavens for Louise Mensch and her foul-mouthed tweets to world leaders
- 5 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Greece elections: Greek PM Alexis Tsipras takes aim at 'neo-liberal' Europe as country gears up for prolonged austerity battle
Auschwitz liberation 70th anniversary: Woman sent to three Nazi death camps describes surviving gas chamber
Chilling drone footage captures Auschwitz ahead of 70th anniversary of liberation
Prince Philip set to be knighted by Australia: Celebrate by reading his greatest gaffes
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
iJobs Money & Business
£16500 - £16640 per annum: Recruitment Genius: This fast growing Finance compa...
£30000 - £32000 per annum + benefits : Ashdown Group: A highly successful, int...
£18000 - £20000 per annum: Recruitment Genius: This rapidly expanding business...
£25 - 28k + Bonus: Guru Careers: An In-house / Internal Recruiter is needed to...