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On the face of it, this year has had little in common with 1999.

11th December, 2004

On the face of it, this year has had little in common with 1999.

After all, the height of the technology boom was marked by inexplicable buzz words, venture capital investments in unproven technologies and flotations by loss-making companies with small revenues. Dig a little deeper, however, and the two years were not all that different.

Four years after the bottom fell out of the technology sector, markets such as online travel, internet telephony and nanotechnology...

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