Lessons learnt from the dot-com boom

Now ten years on from the peak of the dot-com boom, Alliance Trust Asset Management's Matthew Strachan wonders what lessons have been learnt?

Strachan, manager of the group's North American fund, says there has been developments in four key areas. 1. Much of the hype HAS been realised. "It has taken 10 years, but actually much of the hype has been realised. Technological advances continue to astound, peppering our language with new terms and it is now impossible to imagine working without the internet. 2. SOME technology stocks have done incredibly well. "Some technology stocks, the winners, have done incredibly well. They have seen sales and profits grow well ahead of GDP and most significantly have massively streng...