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Dot Com Companies Then and Now: How Are They Different?

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Dot Com Companies Then and Now: How Are They Different?
Dot-com companies then and now. How are they different and are we experiencing a new dot-com bubble?

Degree : Management with International Business
22 March 2012

Supervisor: Dr John Ahwere-Bafo

Candidate number: 100633010
Word count: 9176

Statement of authorship: This dissertation is the sole work of candidate

I agree that an anonymised copy of this work may be used by future students in the School of Management as an illustration of good work.

Contents:

Abstract…………………………………………………………………….……………….………………..4
Acknowledgements……………………………………………………..…………..……………….6
1. Introduction……………………………………………………………………..…………………..7
2. Literature review…………………………………………………………………………………..12
2.1 Emergence of Hyper Text Markup Language (HTML) and the development of network communication………………………………………………….12
2.2 What caused the bubble?.......................................................14
2.3 Valuating companies’ shares and behavioural finance………..……………17
2.4 Venture capitals…………………………………………………………………….………….21
3. Methods………………………………………………………………………………………………24
3.1 Methods of data collection……………………………………………………………….28
4. Results………………………………………………………………………………………………..31
4.1 Presentation of results from qualitative research……………………………31
4.2 Presentation of quantitative data…………………………………………………….34
5. Discussion…………………………………………………………………………………………..42
6. Conclusion…………………………………………………………………………………………..50
Appendices……………………………………………………………………………………………..54
Bibliography………………………………………………………………………………………………68

Abstract
This paper aims at answering whether there is a new dot com bubble emerging, similar to the one experienced after the introduction of the Internet to the mass public. Technological companies being a centerpiece in our present life are awarded with a load of attention by different kind of media. If a new internet bubble is emerging this would be an opportunity for people to create wealth but in the meantime would affect badly the stock markets after



Bibliography: AOL, 2010 Form 10-K AOL. New York, SEC. BBC NEWS | Technology | AOL wins instant messaging case. n.d. [online] Available at: <http://news.bbc.co.uk/1/hi/technology/2591723.stm>.[Accessed 20 12 2011] Caselli, Stefano, 2010 Claude E. Barfield, Paul J. J. Welfens, 2003. Internet, economic growth, and globalization: perspectives on the new economy in Europe, Japan and the US. New York: Springer-Verlag Berlin Heidelberg New York. Ernst & Young, 2011. Global IPO Trends 2011. London: Ernst & Young Global Limited. Facebook, 2012. Form 1-S Registration Statement. New York: SEC. Haacke, Carl , 2004. Frenzy: bubbles, busts, and how to come out ahead. New York: Palgrave Macmillan. Hirschey, Mark, 2003. Tech stock valuation: investor psychology and economic analysis. Academic Press: London. Janszen, Eric, 2008. The next bubble: Priming the markets for tomorrow 's big crash. New York: Harper 's Magazine. Malkiel, Burton G, 2011. A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing. London: W. W. & Company Ltd. Mark Saunders, Philip Lewis, Adrian Thornhill, 2009. Research methods for business students.: Financial Times Prentice Hall, London. Oishi, J. H. Fray & S. M, 1995. How to Conduct Interviews by Telephone and in Person. London: Sage. Peter Sander, Scott Bobo, 2012. The 100 Best Technology Stocks You Can Buy 2012. Avon: Adams Media, F+W Media Inc. Rosenbloom, Corey, 2011. The Complete Trading Course: Price Patterns, Strategies, Setups, and Execution Tactics. Hoboken, New Jersey: John Wiley & Sons. Simkovic, Michael, 2009. "Secret Liens and the Financial Crisis of 2008"." American Bankruptcy Law Journal, 83 : 253. Tim Koller, Marc Goedhart, David Wessels, 2010. Valuation: Measuring and Managing the Value of Companies, University Edition. John Wiley & Sons : Hoboken, New Jersey.

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