Premium Content

Access "Recent storage company IPOs remind us that fast and loose spending isn't behind us"

Published: 20 Oct 2012

Oh good, we're still stupid And with nouveau-billionaire companies that are still looking to turn a profit, it doesn't look like we're going to get smart real soon. "Can you believe my board is actually complaining that we're profitable?" This was the question I was asked over dinner with a storage industry CEO last week. I can't name him because there are forces on his board who, while clearly moronic, may be able to read. Unfortunately, yes, I can believe it. History does repeat itself, sometimes right after it's finished. We seem to have learned nothing from the lessons imposed on us during the stock market crash of 2000. We were decimated financially because we bought stock in when it consisted of five 16-year-old skateboarders, a PC and a market cap that surpassed the gross national product of Asia. Little old ladies were playing bridge and talking about Amazon's IPO. And hard-working people were lured into the frenzy by dirty, rotten stock analysts and ended up losing their retirement savings. It was only six years ago folks, not 60. Remember... Access >>>

Access TechTarget
Premium Content for Free.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

What's Inside


More Premium Content Accessible For Free