And yet, statistically, bigcap tech looks crazy cheap and the companies are humming.
Crazy or not, Internet companies are clearly driving the direction of compensation these days.
As doctors and hospitals move towards digitizing their records, Quality Systems has ramped up hiring, adding more than 900 employees during the past three years (for more growth companies hiring, see True Religion Jeans Leads The 10 Hot Companies Hiring Like Crazy).
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Even in 2008, when companies were dumping stocks like crazy in the wake of the fiscal crisis, they were 48.4 million barrels.
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The cause was crazy overvaluation, 100 times earnings for flimsy companies with cutesy names like Goldfish.
And while it drives job hunters crazy, there's a good reason companies use so-called applicant-tracking systems to screen and rank candidates.
In 2005, says Hans Hirt of Hermes (the fund, not the scarfmaker), German companies and regulators told him he was crazy to recommend the practice.
He explains why top companies that had listened hard to customers and invested like crazy in new technologies still lost their market leadership when confronted with disruptive changes in technology and market structure.
Sure, that last one may sound a bit far-fetched, but with thousands of companies competing for your attention, there's no telling what crazy implementations we'll see this January.
Gratifyingly, the majority seemed to agree that it's crazy to say, as the article does, that IT is no longer a source of strategic advantage for companies.
When buyers began laying out tens of billions of dollars for companies that make pressed tomatoes and desktop computers, observers were sure quick to herald the resumption of crazy Wall Street dealflow.
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