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Microsoft, IBM, and Sun were all profitable in 1999 too. It’s not the big tech companies that people were/are worried about, it’s the billion dollar startups wh
by freehunter 6y ago
Microsoft, IBM, and Sun were all profitable in 1999 too. It’s not the big tech companies that people were/are worried about, it’s the billion dollar startups who will collapse in a year or two. Uber and Palantir (et al) aren’t Hewlett-Packard, they’re Pets.com.
- quickthrowman 6y ago> Microsoft, IBM, and Sun Did not make up 20% of SPX in 1999. FB, AAPL, MSFT, GOOG and AMZN do.