The technology bubble ten years again?

    
Stock markets havemobile dvr a remarkable phenomenon: despite the Weak Market, but new technology companies continued to be sought after. United States the adverse effects of the subprime crisis, major stock markets of the world are "the bear", but did not prevent investors and venture capitalists to the next Apple looks forward to. This tech stocks over the past couple of years become one of the world's most profitable stock. On October 5, 2011, Apple shares closed at $ 377.37 per share, until October 5, 2012, Apple shares closed at $ 666.8 per share, compared with a year ago rose by nearly 77%. In early 2012 to between the beginning of April, Apple's share price saw explosive growth, Apple's share price rose more than 50%. Scientific and technological innovation are considered by investors on behalf of the future economic direction, in times of economic downturn, investment technology many investors remain enthusiastic about the choice. That is why under the current market downturn, major reasons for technology shares on the reverse. However, the new unit for science and technology enterprises are equally subject to stock market patterns.
Previous Internet bubble is a good reference. Technology and Internet stocks are considered to be representative of the emerging direction of the future economic development. In 1995 to 2001 between, in Europe and the Asia more country of stock market in the, and technology and the emerging of Internet related enterprise shares high-speed rose, because shares of soared and buyers hype of combined, and venture capital of broad using, for related company stock speculation created has a hotbed, makes these enterprise rejected has standard of commercial mode, breakthrough traditional mode of bottom line, instead concern Yu how increased market share. Leading to the Internet bubble, and ultimately the bubble burst, many high-tech companies bankruptcy. The Internet bubble has far-reaching effects, offer many lessons for investors:
First of all, venture capital companies and venture capitalists are an important driver of the Internet bubble. VC firms face record rises in shares of Internet companies, no longer choose cautious, choosing instead to let a lot of competitors to enter and winners determined by the market. These Internet-related enterprises, many lack of realistic planning and management capacities, but because of the "DOT COM" concept, can still let investors blindly following. Data indicate that, at the peak of the last, in 1999-2001, there were 96.4 billion dollars of venture capital into the field of Internet start-ups, including 80% (nearly US $ 78 billion) into the United States. In all 10,755 venture capital deals, 7,174 pens from the United States.
Secondly, when prevalence of "DOT COM" business model has significant flaws. In fact, a "DOT COM" car dvr depend on network effects business model, at the expense of long-term net loss of business to gain market share, the company expects to build enough brand awareness, so that the profitability of services after the harvest. "Quick change" slogan of the interpretation of this policy. Because the shares belong to high technology stocks, share prices is difficult to determine stock prices pushed many incredible height, however, in such circumstances, life is burning rate measured by the company. In other words, squandering time to complete asset.
Finally, investors were misled by false investment prospects and related Internet enterprises. Dramatic increase in overhead part of the Internet company, such as customized commercial facilities, providing luxury holidays for employees, and so on. Many people tend to invest their new wealth to more networks above. Many communications providers, debt to buy high speed equipment, construction of fiber-optic lines to optimize your network. Investment far exceed their current and projected cash flows.
Of course, compared with the 11 years ago that the Internet bubble, current investors and venture capitalists invest in high-tech stocks also have some differences. First of all, the investors and venture capitalists invest in technology companies most profitable, or more explicitly on the road to profitability. Secondly, many technology companies of commercial mode of operation there have been changes, not at the expense of long-term net loss of business to gain market share. The development of e-commerce and online advertising, making the company has revenue sources to expand market share. Again, the IPO and the realisation of enterprise-related reduction. Due to the widening of financing channels for private equity, new face stricter government supervision of listed companies and an increase in stock trading channels, making some high-tech companies to defer listing. For example, Google. The technology company has been listed on the deferred plan and eventually formally listed in 6 years after the establishment of the company. Finally, the global nature of this high-tech stock heat, since in 2011 in all transactions, three-fourths in the United States other than the market.
It appears that under such circumstances, Huang, both to see the new features in the new conditions and grasping vehicle dvrthe basic laws of historical experience and lessons and the stock market.