UID:
almahu_9948026590802882
Format:
1 online resource (223 p.)
Edition:
1st edition
ISBN:
1-281-02215-2
,
9786611022150
,
0-08-052038-3
Content:
New ways of looking, researching and valuing these companies need to be addressed. Valuation of Internet and Technology Stocks offers practical information to enable institutional investors to value internet.coms and high tech companies more accurately. The author highlights the deficiencies in existing stock market techniques and shows how they need to be modified or, in most cases, replaced with techniques more suited for the revolution in economies which had taken place since 1991. The economic rules in the financial market place have changed to the extent that strategies suc
Note:
Description based upon print version of record.
,
Front Cover; Valuation of Internet and Technology Stocks; Copyright Page; Contents; Preface: The collapse of Internet and technology stocks; Chapter 1. The age of information and the democratization of data; Technological change and the stock market in history; The defining moment for the Internet: 'The Protocol for Packet Network Intercommunication'; The democratization of data; Chapter 2. The New Economy: where do Internet and technology stocks fit in?; The New Economy defined; The New Economy and technology stocks; Technological change and US economic statistics
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Schumpeter: the pioneer of the analysis of technological changeTofler's 'third wave'; The macro-economic consequences of the Internet economy; Chapter 3. Technology and the Internet economy: what made it all happen?; What is the Internet?; What is the Internet economy?; What is the World Wide Web?; What is an Internet Stock?; Developments in information technology; Appendix 3.1 Technology milestones in theevolution of the Internet; Chapter 4. Valuation techniques for traditional common stocks; Present value analysis: capitalization of income method; Fundamental analysis for valuing stocks
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Economic value added (EVA)Chapter 5. Applying the Porter model to the valuation of Internet and technology stocks; Internal analysis: strategic factors within the company; External analysis: strategic factors for analysing the industry environment; The Porter model, the Internet and the Web; The Porter model revisited; Technology stocks and branding; Financial analysis in the valuation of companies; Chapter 6. Applying traditional valuation models to Internet and technology stocks: what are the problems?; Financial accounting and intangible assets
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The role of intangible assets: if you cannot touch it what is it worth?Methodology issues in technology stock valuations; Appendix 6.1 Key accounting issues in Internet and technology stock valuations; Chapter 7. Bubbleology, stock markets and the Internet and technology stock price collapse; The Internet and technology stock price collapse; Bubbles in stock markets; Bubble terminology; The role of expectations in analysing stock market bubbles; Bubbles and the efficient market hypothesis (EMH); Rational bubbles; Some famous bubbles in history; Speculative bubbles theory
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Was the Internet and technology stock price crash a predictable bubble?Chapter 8. How should we value Internet and technology stocks? I: Key methodology; Key issues in valuation of technology stocks; Valuation methods for technology stocks; Web metrics; Chapter 9. How should we value Internet and technology stocks? II: Ad hoc techniques and DCF revisited; Harmon's Internet toolbox; Angel's net stock valuation calculator; Discounted cash flow fights back!; Conclusion; Chapter 10. Derivatives markets, real options and the valuation of Internet and technology stocks; What are derivatives?
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What are options?
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English
Additional Edition:
ISBN 0-7506-5383-3
Language:
English
