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Tech is the heart and soul of the American economy,” wrote James Cramer, “the chief driver of its prosperity, the keeper of its newfound world dominance, and the place where its biggest profits are.” If you wanted to pay for college and retire in a place that did more than change your bedpan, you had to invest in Tech. Awash in money, mutual fund managers shoved money at Tech, watched it grow, and then plowed their profits into even more Tech. Wall Street had finally Gotten It. The prospect of Java’s landing in 1996, for instance, sent Sun’s stock price up 157%, which sounded to the unconvinced like proof of tulip mania, but Java would soon bring all those static websites to life with movement and sound, ending Stacy Horn’s cyberspace built of words.
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Thomas Dyja (New York, New York, New York: Four Decades of Success, Excess, and Transformation (Must-Read American History))