Most turned 21 between 2002 and 2012, which meant that they were graduating from college during a period that included both the bursting of the dot.com bubble
and the Great Recession."
Although multiples remain below the forward peak P/E ratio of 24.4 tested during the dot.com bubble
, it's still much higher than 10-year or 20-year averages of 14.1 and 16.
According to Howard Silverblatt, an S and P index analyst in America, the record for the most valuable company had been held by Microsoft whose market capitalisation hit 616.3 billion Euros at the height of the dot.com bubble
in December 1999.
Microsoft had set a record at the height of the dot.com bubble
in December 1999, when its market capitalisation hit $621 billion.
If the projection proves accurate, this year will see the first negative growth since the dot.com bubble
in 2001, warned Gartner, a leading global technology research company.
The term "noughties" was probably fuelled by the feel-good factor of any government's first term and an expectation of an expanding economy fuelled by the "dot.com bubble
OK, the Madoff scheme touched only the very privileged and the Japan scam affected only the very (sorry) stupid, but the dot.com bubble
affected pretty much all of the western world.
In the North East, we were obviously chronically affected by the recessions of the 1980s, were caught by the 1990s recession, particularly in the property sector, but slightly missed out on the 2001 dot.com bubble
bursting as we had less exposure to the dot.com market.
Although NBT was hammered by the bursting of the dot.com bubble
, a strong client roster and visible earnings stream has put it on a much firmer footing.
"This figure will continue to increase in 2009 with figures expected to hit 19,124, the highest level since the dot.com bubble
burst in 2002, which saw 19,928 business failures.
In 2003, the year when the dot.com bubble
burst, business failures reached 17,546.
Business failures were set to rise further in 2009 - totalling more than 18,000 and taking insolvency levels beyond the numbers seen when the dot.com bubble
burst in 2003.