Friday, June 10, 2005

Economist - An echo of a boom?

Economist - An echo of a boom?:
"REMEMBER etoys.com? What about Webvan.com? Do Boxman.com or Boo.com ring any bells? Pets.com, perhaps? The casualties of the dotcom bust have long closed or changed hands since the heady days of the late 1990s turned to the crash of the new millennium. But of the internet firms that survived the demise of the “new business paradigm”, many are now enjoying soaring market values as investors regard online enterprises with renewed confidence. And new firms are coming to market too, amid no small amount of excitement: for instance, PartyGaming, a gambling website, is working on an initial public offering (IPO) that values the firm at about $10 billion. Is this a new fit of over-exuberance?"