[quote=livinincali]
QCOM in 1999 had a market cap of about 75 billion and annual revenues of about 4 billion. So there price to revenue was 18.75. FB has a market cap of 167 billion and revenues of roughly 10 billion = 16.7 price to revenue. TWTR is 23 billion market with revenue projected to be about 1 billion = 23.0 price to revenue. So in valuation terms FB and TWTR are pretty close to where QCOM was at the peak of the 1999 bubble. TWTR is higher, FB is slightly lower. The biggest difference is when they IPO QCOM was a IPO well before the bubble FB and TWTR have both IPOed somewhere in the middle of this bubble.[/quote]
QCOM is just one of those company I listed. There are many many more. How about INTC that went up 200% between 1998 to 2000, MSFT went up 150% between 98-2000, AMD went up 400% between 99-2000. Then there are the huge number of .com that are now completely delisted, like VerticalNet, Ariba, and other B2B, B2C companies. You can almost just throw a dart at a dart board with sticker symbols and you’d make a HUGE gain in spand of a few months.
That’s just looking at the stock market over the 1-2 years before it popped. If you look at the longer range of 1995-2000, MSFT went up 1400%, INTC went up 1000%, QCOM went up 5300%, JDSU went up 18000%, etc. Even from the depth of the recession in 2008, these companies have only gone up 50-200%. Get back to me when FB or TWTR went up 18k%. I’ll be kind and say, if FB and TWTR can gain 1000% over 5 years like INTC did, then I would say it’s a bubble.
