Personally I think the amount of companies that are in today’s
dot-com bubble is fewer than in pre 2000. I defiantly see some signs from the
previous bubble. E.g. the value on companies like MySpace, Facebook, YouTube
and the like are ridiculously high. I think most of us are not in a dot-com bubble, but that we are in some
kind of bubble I’m sure of. At least here in Norway, IT-consultants probably
have more to do now than back in 2000, the stock market is great and the
salaries are climbing to new heights. But is this because of dot-com’s? I don’t
think so. My understanding of the stock market and the financial side of this
debate is not my strong side, so I’ll rest my case and won’t analyze it, but
you may feel free to do so.
One of the feelings I had after the last bubble
was that some people actually sold bubbles they knew were going to burst.
Getting investors and hire employees without having any realistic goal of producing
any value, and still manage to convince investors that this is a great thing. I
feel my blood pressure rising just writing about it. Investors learned that they needed to understand IT and got very skeptical after 2000. The question now is; have they forgotten already?