Nasdaq Chief Dismisses Tech Bubble Fears

With internet stocks reaching the highs of the dotcom boom - the president of the Nasdaq exchange has dismissed any fears of a new tech bubble. The Nasdaq Composite index hit 5,000 points for a brief period last week. The last time it reached that level was 15 years ago at the height of the technology bubble - which burst soon after and dropped to 1,500 points. Exchange president Adena Friedman said: "I was there in 2000.