Word: nontech
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Dates: during 2000-2009
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...previous 12 months of earnings. This remains an industry dogged by sluggish corporate spending and huge amounts of excess capacity. So it's hard to comprehend why the stock market is valuing a dollar of tech earnings three times as highly as a dollar of earnings from nontech...
...economy that is driving many firms out of the stock market. As investors, especially institutional investors, focus on big-growth, high-tech stocks, smaller, nontech companies don't show up on the radar, even if they are profitable and growing steadily. Martin Bolland, a partner at Alchemy Partners, a London private-equity investment firm, says that because smaller companies are hard to track, "they are an inefficient way of investing" for fund managers. Of the companies that have gone private, more than 90% are in traditional industries such as paper, textiles, food and water, reckons the University of Nottingham...
Turkle, a sociology professor, is a leading expert on the folkways of what she calls our newly emergent "culture of simulation." Her origins are decidedly nontech; the Brooklyn-born Turkle started out studying French philosophy (and working as a live-in housekeeper) in Paris. Her early writings focused on how people used psychoanalytic concepts to forge their identities. But when she arrived at M.I.T. to teach, she found herself in a world in which people turned to computers, not Freud, as personal reference points...
...land for sale and were dead certain it would be worth 10 times the price to a developer, you'd sell or hock everything you own to buy it. Right? Well, that's the way investors around the globe are behaving with NASDAQ stocks. A massive liquidation of nontech assets is under way as people reach for the means to buy more Cisco, 3com and Apple. It's an incredible display of pack investing that begs the question, Is NASDAQ bulletproof...
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