So far we’ve blogged about TV shows, film and robot dinosaurs that shoot beams when they roar. I’m going to be boring now and add something on technology and the stock market. Yeah I know, but you’ll get over it.
While some of you were putting up Take That posters in your bedroom and thinking of what life would be like at university back in 2001, I remember those dark days when the bottom fell out of the tech market… and then the aftermath where technology was a dirty word to the investment community. After the big bust and lots of burnt fingers, trust was pretty thin among those with cash and the tech industry.
Which is why the story I read on Bloomberg today felt like the tech industry’s revenge. The tech industry is sitting on mountains of cash, particularly the big companies. Flighty investors – having seen the financial industry go belly up – are looking for a place to put their money and what would have been unthinkable seven years ago is now true… tech is the new safe haven for investors.
Now, will they start paying dividends on their stock…