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May 30, 2006
Rumors of Software's Death, etc.
You can't toss a computer scientist without hitting someone saying that software is dead. Venture capitalists think it (some are even moving on to energy and elsewhere), the market thinks it (multiples are at historical lows), and would-be software engineers think it (applications to CompSci programs remain in the basement).So ... what's with BusinessWeek? As the following table shows, the number of "hot growth" companies coming from the software sector has rebounded impressively in recent years. Could it be that the "death of software" thing has been overdone? Naaaa.
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Oh sure, Mike, rain on my ironic parade! More seriously, fair point: The article doesn't split the two out, and that would be good to see.
there is huge growth in software, but not the software business. the trickle of free software has become a flood creating entire ecosystems. rejoice! its a great age in software right now, for users of all kinds (including enterprises).
Acually, that would make a pretty good contrarian investing list... retailing, health care and consumer durables/apparel. Let's check back on it in three years...
Note that this is actually software/services. While software itself may not be showing huge gains, the services around implementing the software certainly is.
It would be nice to see this category broken out to separate the two.