Valuing Technology: The New Science of Wealth in the Knowledge Economy (Wiley Finance Series.) (Hardcover)

by Chris Westland (Author)
Key Phrases: comparable valuation approach, geographical scaling, organizational scaling, New York, Moore's Law, Metcalfe's Law (more...)

Editorial Reviews

Product Description
Human genomics, proteomics, robotics, nanotechnology, fractals, ecoforming, global information networks, telemedicine — the list goes on and on. These are the exciting new sciences that will propel our next technology boom. Each creates value from novel, vast, and complex bodies of knowledge. Each demands an array of business models predicated on the knowledge economy. At present, only a handful of experts in their respective areas even understand these sciences; and only a fraction of these experts have either the inclination or the insight to create viable businesses from these knowledge-intensive technologies.

The collapse of dot-com stock prices left the investment community wondering how they could have got Internet stock values so wrong. Yet relatively “simple” Internet technology pales next to the hyperintelligent computing, complex interactions, and enormous databases seen in genomics, proteomics, and other emerging technologies.

This book identifies the four major trends in business and economics that are emerging in the knowledge economy, and describes how each has changed the simple accounting for wealth and value creation to a complex economics of knowledge. The last part of the book lays out the framework and challenges facing a new science of valuation for knowledge-intensive businesses that will help investors, managers and advisors separate the future giants of the knowledge economy from their failed contemporaries.

From the Back Cover
Human genomics, proteomics, robotics, nanotechnology, fractals, ecoforming, global information networks, telemedicine the list goes on and on. These are the exciting new sciences that will propel our next technology boom. Each creates value from novel, vast, and complex bodies of knowledge. Each demands an array of business models predicated on the knowledge economy. At present, only a handful of experts in their respective areas even understand these sciences; and only a fraction of these experts have either the inclination or the insight to create viable businesses from these knowledge-intensive technologies.

The collapse of dot-com stock prices left the investment community wondering how they could have got Internet stock values so wrong. Yet relatively simple Internet technology pales next to the hyperintelligent computing, complex interactions, and enormous databases seen in genomics, proteomics, and other emerging technologies.

This book identifies the four major trends in business and economics that are emerging in the knowledge economy, and describes how each has changed the simple accounting for wealth and value creation to a complex economics of knowledge. The last part of the book lays out the framework and challenges facing a new science of valuation for knowledge-intensive businesses that will help investors, managers and advisors separate the future giants of the knowledge economy from their failed contemporaries.

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Product Details

• Hardcover: 300 pages
• Publisher: Wiley; 1 edition (December 14, 2001)
• Language: English
• ISBN-10: 047082056X
• ISBN-13: 978-0470820568
• Product Dimensions: 8.9 x 6.6 x 1 inches
• Shipping Weight: 1.4 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars See all reviews (5 customer reviews)
• Amazon.com Sales Rank: #2,250,920 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

6 of 7 people found the following review helpful:

5.0 out of 5 stars Andersen partners -- must read!, March 19, 2002

By	William Ferguson "william_m_ferguson" (San Diego, CA United States) - See all my reviews

This is a courageous and insightful book which should be required reading for all Big-5 accountants. Westland shows how the breakdown in accounting's ability to deal with the new economy undermines investment decisions, and fosters an environment of skepticism and deceipt.

2 of 2 people found the following review helpful:

5.0 out of 5 stars Innovative survey of finance in the information age, April 7, 2002

By	Pat Spain (California) - See all my reviews

The book is written in an engaging style, and surveys current strengths and shortcomings in the tools of financial analysis when applied to technology stocks. At points, the mathematics are complex, but only as much as he needs to state his case. I think Westland's explanations of the way technology companies are different than industrial firms are accurate. They provided me with insights that I have not seen anywhere else. The book falls short in describing how to value technology stocks, which is a weakness. On the other hand, there is enough new material in the book to make it worth its price

2 of 3 people found the following review helpful:

5.0 out of 5 stars Well argued prerequisite for Financial Dynamics, December 13, 2003

By	Robert Nash - See all my reviews

Dr. Westland's book Valuing Technology provides unique explanations for the dot-com bubble, and for the chaos in tech markets. Both this and his sequel, Financial Dynamics offer important contributions to the study of investment valuation