Valuing Technology : The New Science of Wealth in the Knowledge Economy (Wiley Finance Series.)

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Summary: Well argued prerequisite for Financial Dynamics
Review: Dr. Westland's book Valuing Technology provides unique explanations for the dot-com bubble, and for the chaos in tech markets. Both this and his sequel, Financial Dynamics offer important contributions to the study of investment valuation

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Summary: It's not worth the money!!!
Review: I bought this book because I thought it might help me with my master thesis on valuation but I was wrong. It does not even explain properly the basics. Information about the specific aspects of valuing technology firms is rare, and the structure of content is often unlogic. The author loves it to put self-praise on every other page. I don't understand why the other reviews on this list are so positive because there are much better books on this topic. I highly recommend "The dark side of valuation" by Damodaran.

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Summary: Innovative survey of finance in the information age
Review: The book is written in an engaging style, and surveys current strengths and shortcomings in the tools of financial analysis when applied to technology stocks. At points, the mathematics are complex, but only as much as he needs to state his case. I think Westland's explanations of the way technology companies are different than industrial firms are accurate. They provided me with insights that I have not seen anywhere else. The book falls short in describing how to value technology stocks, which is a weakness. On the other hand, there is enough new material in the book to make it worth its price

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Summary: Andersen partners -- must read!
Review: This is a courageous and insightful book which should be required reading for all Big-5 accountants. Westland shows how the breakdown in accounting's ability to deal with the new economy undermines investment decisions, and fosters an environment of skepticism and deceipt.

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Summary: Interesting and unique
Review: This is an interesting book that helped me to understand why accounting and Wall Street have grown corrupt. Along with caveats, the author describes changes in accounting and finance that would help to improve the performance of the finance community in meeting investor's needs.

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Summary: Interesting and unique
Review: This is an interesting book that helped me to understand why accounting and Wall Street have grown corrupt. Along with caveats, the author describes changes in accounting and finance that would help to improve the performance of the finance community in meeting investor's needs.

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Summary: Substance, and enjoyable style
Review: Valuing Technology provides an intellectual completment to books such as Tom Copeland's Valuation. It describes how the new economy (the author uses the term knowledge economy, following Peter Drucker's usage) differs from the industrial economy, and how market valuation and underlying accounting systems have to change in response. Westland's book is short, well-written, and filled with substance, and I found it enjoyable and informative reading.