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Let's look more about this tech bubble that many people are saying may MarketWatch is that they're claiming Facebook's IPOs -- sign of the next tech bubble is it.
-- sold in the CEO Quantum networks is service and product provider for the wireless industry here with us now you know.
It was the dotcom bubble back then I was a journalist reporting on it -- all about it followed every single one of those stocks.
Is it the same.
Now it's very very different -- this question over and over and over again.
It was ten years ago people have a business plan.
They had an idea there was no revenue model today we're ten years later and we have a billion people staring.
At one specific website FaceBook we have people on linked to meet people on Tumblr and actually using the tools and using the -- I think -- similarities -- with.
You know prior to the FaceBook IPO we heard revenues were decelerating but they still had revenues though much different -- the -- -- parents I agree.
But it does seem time revenues decelerating things -- like looking cheeky.
GM drops out of the -- -- When that thing is what everything is looking -- -- economy the IPO still had tons of frenzy.
And interest right it was very exciting.
This is you know forever for Generation X.
and -- want this was really where to be in everybody wanted to piece of it but in terms of this being -- bubble you know know what you can look at ten years ago and say oh.
You know here we are again and you know these are real businesses now they're generating revenue and they have some serious track I agree with and it's also -- -- economy so.
This was you know what we're looking at here we're looking at the railroads a hundred years ago.
Yes but at the same time I do think there's a need.
Or desire for the tech industry to pull us out of this families were in and it -- didn't do any yet does it it takes time it's gonna take time but all the innovation holding entrepreneurship.
He's gonna come from technology at the same time though you do have stocks like interest Tumblr Dropbox Spotify.
Arguably very overvalued and all public coming -- market.
Probably not overly value in them maybe a bit you know but somewhat normal -- there's a lot of hype it's still in -- sector its new economy.
There's expectations but -- in -- FaceBook came out of the gate you know with five or six times what -- what -- price that.
-- be very concerned you know but it ended up flat so that's pretty much an indication that you know what the market's not over -- I think -- you you could argue that deal was priced very fairly unfortunately was excuse like garbage right that's on -- the -- Now you know my didn't Netscape IPO that happened in 1995.
And we didn't -- For another five years right but -- he.
Nobody was on the web -- also in ninety you know 9798.
You when -- you know -- when -- twelve right now on the markets and risk.
Feminism in the IPOs that wind came and went pets dot com you know I remember the globe dot com at -- time largest one day bounce.
Gov works dot com had been mainly -- that it was such a mess so there.
Globe -- -- -- -- and that just kept on content but again this is a time when.
Yet nobody was on the Internet today everybody is on the and everybody has access to the web.
-- -- with -- then there's this next generation on the Internet right where the apps space you have this whole underground world thanks to Steve Jobs and his iPad -- all these -- coming out.
He also talked to venture capitalists and there sitting on money they can't wait to invest if there is a sense.
That something is gonna explode soon enough could very well be the IPO market and that and create some sort of a -- Bubble that it's possible but it may not be a bad thing -- I mean in this economy really needs like really -- a kick in the butt.
And maybe this is an opportunity for the type tech sector.
So what do you think and is the next next thing that's gonna mean your wireless what's taking us the next level it's going to be broadband it's going to be forgy because -- building these service federal building the applications they all have the -- Everyone's talking about speed right now right on three G they -- forgy.
They want faster broadband they want premium broadband and it's gonna be accessed at -- broad -- it's Smart phone usage and this brings me back -- FaceBook.
Do you think they could figure out a way to monetize.
Revenues on the phone there's no doubt and 900.
909 million I don't I don't behind Darren got a good back to -- -- and there's no there's not question their well you know it could be added could be -- -- you know could be premiums social media service.
It's going to be check out -- can be e-commerce I mean you know this is the 800 pound around this is the GM.
Are still in -- -- and five years and we're gonna talk about this and hopefully it's FaceBook is not net.
Hey we were there last few -- less the army said you know a billion dollar value yeah and -- -- -- we did we did you know right in the mark I sold in Quantum networks CEO thank you very I think it's I think our.
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