Internet companies at bottom dollar

If a day is a long time in politics, last year must have felt like a lifetime for investors in the technology sector. Although most indices struggled to perform, the Nasdaq Composite and Goldman Sachs Internet Index experienced their worst year ever, falling in US dollars by 39% and 74% respectively. While there is little doubt we experienced a technology and Internet 'bubble', it is equally apparent the fundamentals have remained strong. The Internet continues to experience rapid growth and the vast majority of technology spending continues to be linked to this. Crucially, however, whi...