Valuation of Internet Technology and Biotechnology Stock

Rating:
Summary: Some (questionable) metrics
Review: This book was published in June 2002. The Nasdaq index peaked in March 2000, and that is taken as the high water market of the high technology boom, a grouping which encompasses the dot coms, startup telecoms and the biotechs. So you might read this book as a retrospective on those times. Especially if you had fruitlessly invested some of your own funds in any of those startups.

Kettell's ideas for new metrics by which to evaluate these and future startups are interesting. Though some (many?) might consider these to be discredited by the multiyear slump after March 2000, and the resultant bankruptcies of numerous startups. It was then said that the traditional metrics of performance were still best, and time-tested.