Abstract
Within a year, the NASDAQ Composite lost more than 50% of its value when dark clouds over both Wall Street and Times Square first shadowed the golden horizon of New Economy investors. Companies, organized or re-organized around the Internet all across the globe (but in the United States in particular), finally saw themselves in the middle of a grandiose financial hurricane that down-to-earth economists and analysts had long been predicting. Hope, exuberance, arrogance, as well as insatiable appetite for ever more of investors’ money, made them deaf to rationale. Finally, most investors and businesses in the world got in contact with reality again. Bang! Welcome to the cyber-challenge!
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© 2002 Springer-Verlag Berlin · Heidelberg
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Seebacher, U.G. (2002). The Upcoming Cyber-Challenge. In: Cyber Commerce Reframing. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-24720-3_3
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DOI: https://doi.org/10.1007/978-3-540-24720-3_3
Publisher Name: Springer, Berlin, Heidelberg
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