New hype over Internet firms

The takeover of Skype by Microsoft shows that the Internet firm business is once again flourishing, writes the business paper De Tijd, but urges caution: "Investors are once again jostling to ride the wave of their darling companies' stock market boom. This is driving up the value of the most hyped firms. The social network Linked In is listed at three billion dollars on the market. ... Facebook is estimated to be worth between 50 and 100 billion. These are huge sums for companies that haven't even proven that they are based on a realistic and sustainable business model. The current evaluations for these Internet companies are not as crazy as during the Internet hype a few years back, but they are pretty high. The companies must first prove that they can fulfil these high expectations."

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