Friday, July 22, 2011

A New Tech Boom In The Making?- Click here http://bit.ly/pXrK5S for full article

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A New Tech Boom In The Making?- Click here http://bit.ly/pXrK5S for full article

The ebb and flow of economic tides has been occurring for as long as mankind has practiced even the bare rudiments of economic behavior. It appears that every new industry seems to usher in new economic upheaval. So it's no surprise then, that the latest tech boom and its ensuing bust has left the world economy in quite a state of disarray.

The current turmoil that has followed since the dot-com bust in the early 2000's has affected virtually every person alive within the civilized world. Concerns of worldwide recession possibly turning into depression are rampant. But that's not to say that there isn't still opportunity in some places. Just as the good times came to an end, so will the bad. Such is the way of the economic cycle.

Lately it seems a new boom has been taking hold in the tech industry. Though this time around the focus seems to be less on the high-tech semiconductor industry and more on targeted marketing developing thanks to social networks such as Facebook. One of the prior concerns of the earlier dot-com bust was the inability to monetize the information of internet users. In other words, there wasn't any "real" business plan for so many failed companies. Many hard earned lessons may have been learned.

So now it seems some companies are attempting to address the business plan problem and are moving forward with innovative strategies to make sure they know just who their customers are and what they want. And even now with the current recession going on, there are still plenty of consumers ready to hand over plenty of money to the company smart enough to deliver the right product to the right customer. Indeed, any companies that can take hold even in these trying times will most likely be doing even better once the economy is back on the uptick.

Could this new round of tech investing lead to a flourishing of the economy? Possibly. Understandably some questions remain from savvy investors since it's not entirely clear yet if many of these companies know exactly what they're doing.

But all this remains to be seen. For those who are willing and able to take advantage of this latest boom, there could be fortunes in the making.

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