tech stocks for the future
Some even went as far to say that if a tech stock didn't have a triple digit price/earnings ratio, it wasn't worth buying. There were even 70 year-olds at the time who bragged about the optical networking stocks they owned - but couldn't program the clock on their VCRs.
That didn't end so well....did it?
But it's been a long time since the Dotcom crash. Twelve years later, tech stocks are stronger than ever.
The trick is to find good companies with good ideas that can translate their core competencies into niches that complement each other.
That way, when one niche falters, the others pick up the slack.
Alternatively, winning tech stocks need to dominate their sector with quality goods, innovative leadership and a dynamic corporate structure. They also have to have proprietary technologies that can keep pace with a rapidly changing marketplace.
If you rest on your laurels these days, it can mean ruination, no matter what size company you are or how much market share you own.
If you doubt that, consider this....