Rating:  Summary: A great summarization Review: This book was bound to be controversial as it touched on a subject where many people made and lost massive amounts of money. I agree with a previous reviewer who said all of this has been written before. However, no where has someone provided a good historical of the total Dot.com bubble and this book does it perfectly. Providing great insights into the stock market as well as management of the Treasury market by Greenspan, the author does a great job of providing an economic overview of the climate that helped create bubble, allowed it to flourish and eventually led to its demise. This overall perspective now allows an interested reader to see how a bubble could happen. Everyone knew the stocks were overpriced but as long as they continued to go up, money managers could not refuse to hold the stocks as their yield comparsions would look so much worse than their competitors. In summary, there is no new ground broken here. Just a valid analysis of a fascinating period in our history.
Rating:  Summary: Wonderfully entertaining account of the dot com era Review: As a freelance journalist who wrote about the the excesses of the dot com era for the British press, I found this book marvelously entertaining. Lurking just beneath the surface of Cassidy's deadpan style is a wonderful comic tale of snake oil salesmen, greedy capitalists and a seemingly endless stream of suckers. It's like a classic WC Fields comedy dressed up as a piece of sober reportage. And the beauty part is it's all true!
Rating:  Summary: Closing the barn door long after the horse has left Review: Dot-Com 'exposes' that are released two years after the boom crested are of questionable value. The subject has already been done many times, often better, by Internet Bubble, Morganstern's columns in the NY Times, others. Too little, much too late.
Rating:  Summary: Could not believe it!! Review: Gee, you would think that the author would get the name of the co-founder of Microsoft right in the book, but sadly he does not. The co-founder of Microsoft was Paul Allen, but the author states another name. He got Paul right, but the last name is wrong. What should this tell the reader??
Rating:  Summary: Insightful of Modern History Review: This book is essentially a retelling of events swirling around the stock markets, the 90's booming economy, and how many investors managed to swindle stock holders and dotcom employees from the trust and "promise" of enrichening their wallets. However, the smooth sail sunk quickly at the turn of the 21st Century as the ecnonomy nose-dived and the high technology revolution made a turn-around resulting in major job lay-offs, broken promises, stripping of 401(k) plans, while showcasing the TRUE ineptitude of founding dotcom CEOs. I used to work for a dotcom here in San Francisco (known as QSpace.com, overtaken by iPlace.com, Inc.), and saw first hand the amount of stupidity stemming from QSpace's dumb, incompetent, and financially irresponsible CEO/founder to some of the useless, brown-nosing staff in marketing and business development. Then came the nasty take over by a stingy little man named Stu Siegel ("If you don't like being here, then you can go work somewhere else") out of Pennsylvania resulting in frugal maneuverings while mercilessly laying off employees on one ambush day in March of 2001, while CEO Eze stood by idly with a hypocritical expression of shock on his face. No one knew it was coming (except the CEO, surely), but it happened. Regardless, "Dot Con" is a reminder to many who not only stood by objectively watching the news reports, but an interesting "revisiting" to the center of the once mighty tech boom. A fascinating read!
Rating:  Summary: The Tech Boom from 50 years ago to Today!!! Review: I bought both this and Dot.Bomb, the story of Value America.com. They were both good reads and work well together. Reading Dot.Bomb, it was like reading a piece of fiction it's so hard to believe some of what was in the book was true, let along all of it. Dot.Con is a much more anaylitical overview of the period, starting from the beginning over 50 years ago. Both were good and I recommend read in conjuction with each other.
Rating:  Summary: Well-written and entertaining Review: After a brief roundup of how the internet went from geek research tool to the "next big thing", Cassidy gives us the anatomy of a speculative bubble not quite like any other the world has ever seen. If in 1929, Bernard Baruch did indeed comment that once he heard shoe shine boys exchanging stock tips it was time to get out of the market, what would he have made of 1999 in New York City, when water cooler conversations revolved around catching the next big one? While this history is recent, and we may think we remember it only too well, it is good to get a reminder of just how insane the world became for a while. The book is a fascinating read that places the bubble in its historical context. Cassidy's argument is convincing. From the growth in stock market participation through mutual funds and 401K plans, to the quick recovery from the 87 crash, to the perception that the internet would change everything, many factors combined to ignite the stock market of the late 90s and to lead people to believe they were looking at a one-way bet, which for a time they were. It's quite a ride.
Rating:  Summary: Some things do not change Review: The mass scam that went by the name of dot.com startups is merely the most recent in an endless line of schemes that the mass of [people] have benn conned into throughout history.I remember more prudent and wisened stock market players who knew the dot.com craze was merely the latest manifestation of the selling of imaginary castles in the sky.Too bad millions of [people] found out the hard way.If you want an overview of the carnage,then go ahead and pick up this book.
Rating:  Summary: Dot.con is the worst book I've ever read Review: This book is so full of bad information it just blows me away. What is presented as fact in the book is simply not true. I don't know where the author came up with the information he did. It is pure vapor. This book was not just poorly written but it is full of gramatical and spelling errors. Hello spell check! A waste of money.
Rating:  Summary: Hindsight rehash Review: This book is a hindsight rehash of dotcom events that will already be very familiar to anyone who has picked up the business section of a newspaper or any business magazine in the last couple of years. Meanwhile, as other reviewers have noted, the book is rife with errors. The author also fails to give proper credit to the bestselling book that exposed the dotcon while it was happening, "The Internet Bubble", released in the fall of 1999.
|