Last week Microsoft buys Skype for $9 billion.  This week LinkedIn has IPO initially prices at 275 times sales.  Opens up 80%+ so I think we are near 500 times sales.  I need to say that again: 500 times sales.  The best part is they are class B shares – no voting rights.  Yes, my blood is now solid green with envy.

What kind of numbers are being dreamed up now for the upcoming, BIGGER groupie companies like FaceBook?

While it’s good to see money come back into the technical sector it scary that we are heading into another bubble quickly that will burn through all the capital available in the market.  The post dot-bomb era was extremely painful.  How can this be avoided?