| That's a fairly good explanation. My company made imaging peripherals, and were very conservative, so they weren't on a bandwagon. Our jobs were OK. I feel like the .com crash was pretty telegraphed. People who could spell "HTTP" were being hired as Chief In Charge Of Everything Web Gods, and they were spending company money like candy. It cleared the way for companies like Google and MySpace (which met its end, not long after). My company got fat on consumer cameras, which were destroyed in about 2010, after the smartphone revolution started to really get going. The next seven years were kind of a mad scramble for market share, while the managers kept doing everything but admitting that they really screwed the pooch, by not anticipating the rise of cellphone cameras. Come to think of it, there is a lot of that "Nobody saw it coming" language, here, as well. I am very fiscally conservative, and my indicator of a coming reckoning, was watching all the Scrooge McDucks, diving into their piles of money. That doesn't end well (see: 1929). |