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Detailed text transcripts for TV channel - CNN - 20170904:03:56:00

Accomplished, the highest and best use of his remaining years was to spend that money helping humanity. it was just a few months back, if your company ended in dot-com, it was a good thing. but at the end of this brutal week on wall street, a lot of analysts think the internet bubble is ready to burst and by this time next year, a huge number of those dot-coms might be dot-gone. a year ago, investors were so eager to buy into the internet they were happily ignoring traditional measures of success. sales, profits and growth. but reality has now set in. these upstarts didn t have any income. they were saying we are worth billions of dollars. where s your revenue? they didn t have any. when the venture capitalists stopped putting money in, you could time the bubble. you could say, you know, if we all believe this fantasy it works. if some of us stop believing, it s a prelude to its failure. most dot-com retail companies will be out of business by next year, eliminating 25,000 ou ....

Wall Street , Dot Com , Internet Bubble , This Time Next Year , Idot Coms , Dot Gone , Venture Capitalists , Money In , Retail Companies , Internet Companies , Out Of Business By ,

Detailed text transcripts for TV channel - CNN - 20170821:00:56:00

Humanity. it was just a few months back, if your company ended in dot-com it was a good thing. but at the end of this brutal week on wall street, a lot of analysts think the internet bubble is ready to burst and by this time next year, a huge number of those dot-coms might be dot gone. a year ago, investors were so eager to buy into the internet they were happily ignoring traditional measures of success. sales, profits and growth. but reality has now set in. these upstarts didn t have any income. they were saying we are worth billions of dollars. where s your revenue? they didn t have any. when the venture capitalists stopped putting money in, you could time the bubble. you could say you know, if we all believe this fantasy it works. if some of us stop believing, it s a prelude to its failure. most dot-com retail companies will be out of business by next year, eliminating 25,000 out of 30,000 internet companies. ....

Dot Com It , Wall Street , Internet Bubble , This Time Next Year , Idot Coms , Venture Capitalists , Money In , Retail Companies , Internet Companies , Dot Com , Out Of Business By ,

Detailed text transcripts for TV channel - CNN - 20170821:00:06:00

Super highway. it is called internet. the net began back in 1969. it was a tool of the pentagon. but nowadays just about anyone with a computer and a modem can join in. the internet was a really dorky, hard to use, and extremely nerdy thing. none of your friends would have been on had. just fellow people in tech. the internet really was not a huge factor in the early 90s. but netscape changed things. they re calling him the next bill gates. 24-year-old mark andreessen, 15 months ago, fresh out of the university of illinois, he helped start a company called netscape. at 11:00 a.m. this morning, the company s stock went public and wall street went bonkers. so what does netscape produce that now makes the company worth $2.9 billion? this. the netscape navigator, software which makes it easy for people to connect to the global computer network called the internet. microsoft has a long history of feeling threatened by hot new upstarts. ....

Wall Street , Called Netscape , Mark Andreessen , University Of Illinois , Netscape Navigator , Computer Network , 2 9 Billion , 9 Billion ,

Detailed text transcripts for TV channel - CNN - 20170821:03:06:00

The net began back in 1969. it was a tool of the pentagon. but nowadays just about anyone with a computer and a modem can join in. the internet was a really dorky, hard to use, and extremely nerdy thing. none of your friends would have been on this. just fellow people in tech. the internet really was not a huge factor in the early 90s. but netscape changed things. they re calling him the next bill gates. 24-year-old marc andreessen. 15 months ago fresh out of the university of illinois he helped start a company called netscape. at 11:00 a.m. this morning, the company s stock went public and wall street went bonkers. so what does netscape produce that now makes the company worth $2.9 billion? this. the netscape navigator, software which makes it easy for people to connect to the global computer network called the internet. microsoft has a long history of feeling threatened by hot new upstarts. you could easily argue that bill ....

Wall Street , Called Netscape , University Of Illinois , 9 Billion , 2 9 Billion , Bill Gates , Netscape Navigator , Computer Network ,

Detailed text transcripts for TV channel - CNN - 20170821:03:56:00

Sales, profits and growth. but reality has now set in. these upstarts didn t have any income. they were saying we are worth billions of dollars. where s revenue? they didn t have any. when the venture capitalists stopped putting money in, you could time the bubble. you could say you know, if we all believe this fantasy it works. if some of us stop believing, it s a prelude to its failure. most dot-com retail companies will be out of business by next year, eliminating 25,000 out of 30,000 internet companies. what sort of message do you have for all of us as we look at what s happening to the dot-com businesses and the stock market? don t invest in dot-coms. the internet opened up a lot of things for people. it made things easier for people and that didn t change. bubble or no bubble. with more than one billion web pages out there, millions of web sites out there on the ....

Venture Capitalists , Money In , Dot Com , Retail Companies , Out Of Business By , Stock Market , Internet Companies , Web Pages , Web Sites , Didnt Change , Dont Invest In Dot Coms , One Billion ,