Re-Heat
You just proved my case in point. I don't dispute what you say about the future growth rouse.
But one of the reasons for the early appeal of the Dotcoms was due to a massive (read huge) underestimation of ever recurring technology costs. The cutting edge technology associated with and used by them sucked far, far more cash than was initially declared to early investors.
Many did have positive earnings, albethey short-lived.