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The bubble affects the companies that are trying to get a piece of the bubble. The runups in the telecom industry was due to them moving into laying fiber optic
by adestefan 16y ago
The bubble affects the companies that are trying to get a piece of the bubble. The runups in the telecom industry was due to them moving into laying fiber optics spurred in large part by Global Crossing flying high.
- phil 16y agoSure, but aren't Google, Salesforce, Amazon and others doing much the same thing by building/buying cloud computing platforms, social networking products, and so on? That's widening the companies from those Ben Horowitz named, so maybe valuation:value IS climbing for public companies that are trying to get in on the hot stuff of the day. That would certainly be an interesting argument, I'd love to see someone make it :)