…It’s time to say hello to the new Net boom. And believe it or not, it’s a boom you’ll very likely want to invest in–even if you think (as we do) that Google (Research) at $400 a share is too scary to consider. The Internet, as you well know, didn’t vanish along with all those dubious dot-coms. While shell-shocked investors were licking their wounds (or trying to make back all their money by flipping condos), folks in the Internet industry kept right on dreaming up new ways to use the revolutionary technology that created the fuss in the first place.
You don’t need us to tell you that today the Net is fulfilling many of the visions its wild-eyed prophets were preaching about just a few years ago. All the impossibly cool applications that seemed so elusive in the late 1990s–Internet phone calls, (legal) downloadable music and movies, high-speed web access on cellphones, online bill paying–are a taken-for-granted part of daily life.