Enablers, beneficiaries and bursting bubbles

Have last month’s falling share prices of internet companies vindicated all the dire warnings of a speculative bubble?

Most analysts are still bullish on internet stocks. There is much more to the internet boom than the dot coms: the internet is a productivity-enhancing tool, and contributes to economic growth. “The recent share slides have nothing to do with a bursting bubble,” says Peter Misek, senior research analyst at Chase H&Q. “The internet is a real thing.