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ISBN: 0595188214Издательство: Authors Choice Press
Telecommunications was the star industry in the world economy until 2000. But the collapse of NASDAQ wiped hundreds of billions of dollars in value from telecom stocks, heralding a wave of lay-offs and bankruptcies. In this essential book, Grahame Lynch argues that the bandwidth bubble bust was caused by more than irrational exuberance A? it was the resultt of a whole range of causes including distorted government regulation, erroneous assumptions about the reality of the Internet and blind faith in global market opportunities. Bandwidth Bubble Bust strives to get behind recent telecom hype and the current backlash, employing a careful consideration of empirical evidence and case studies in industry failure dating back to 1993.