Webcast: Dot-coms--Down and out?
Not long ago it seemed Internet companies would forever change the basis of commerce, but these days it's the "dot-coms" themselves that are in the midst of upheaval.
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Not long ago it seemed Internet companies would forever change the basis of commerce, but these days it's the "dot-coms" themselves that are in the midst of upheaval. Once-enchanting start-ups find themselves running out of capital. Newly public companies too are feeling the pinch, having watched their extraordinary valuations collapse. Continuous losses are widespread, and a few business, like Value America, have even declared bankruptcy.
Has the dot-com revolution failed? Certainly the first act closed badly, and with unprecedented speed. Years were compressed into months as companies hurriedly spent money at a blistering pace that came to be known as "burn rate." The impetus was the rush to exploit market segments before they consolidated and winners were declared. Is such "time compression" an important feature of the Internet industry, and if so, what are its consequences? What's next for the Net economy? Join moderator Jeremy Siegel and a panel of distinguished Net experts as they discuss the rapid pace of change in today's economy. |
