At a time when Wall Street firms are being punished for misleading investors about dot-com stocks during the bubble, it’ s all too easy to confuse financial excitement with technological reality. Many people are quick to dismiss any talk of an "Internet revolution" as so such’ 90s chatter. (47) There is a world of difference between crazy evaluations and serious technology, between Internet stocks and the Net itself. While investors have been complaining about their fate, chief executives have been busy embracing the Net. It’ s time to get over the bubble talk and get real about technology’ s promise.
Or risk falling behind. The strong upturn in profits last quarter during a period of weak economic growth is proof to the productivity—enhancing power of the Net. Through boom, bust and recovery, annual productivity growth has powered along at around 2.5%. Without it, companies would have been forced to cut payrolls even
At a time when Wall Street firms are being punished for misleading investors about dot-com stocks during the bubble, it’ s all too easy to confuse financial excitement with technological reality. Many people are quick to dismiss any talk of an "Internet revolution" as so such’ 90s chatter. (47) There is a world of difference between crazy evaluations and serious technology, between Internet stocks and the Net itself. While investors have been complaining about their fate, chief executives have been busy embracing the Net. It’ s time to get over the bubble talk and get real about technology’ s promise.
Or risk falling behind. The strong upturn in profits last quarter during a period of weak economic growth is proof to the productivity—enhancing power of the Net. Through boom, bust and recovery, annual productivity growth has powered along at around 2.5%. Without it, companies would have been forced to cut payrolls even
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