First things, first. The stock markets have not turned their backs on technology. The rout of so-called "new economy" stocks in recent weeks may have looked like an attack on the technological revolution, an assault on the internet, e-commerce, m-com-merce and everything in between. The bloodbath on the Nasdaq, in particular, seemed to suggest that the powerful force of the capital markets had taken a "bearish" stand on the future. Nothing could be further from the truth.
展开▼
