The joke is on all my friends who quit their jobs to work for dotcoms.
Some were lured away to dotcoms, but many ended up in senior positions with actual and potential clients.
Investors, battered by the stockmarket crash that accompanied the demise of the dotcoms, are now a little wiser.
Dotcoms may no longer be the seductive alternative to the decade-long slog to partnership that they were a year ago.
If events in the industry do resemble those of the late 1990s, the better analogy may be telecoms, not dotcoms.
The economic slowdown, the crash in tech shares and the demise of dotcoms will clearly slow the pace of Internet developments for awhile.
Dotcoms may come and go, but people always need drugs, and big pharmaceutical firms need their smaller biotechnology brethren to do much of the basic research for their future products.
Back when dotcoms boomed, some of the hottest new e-tailers were firms that promised to relieve people of the tedium of trailing around supermarket aisles allowing them to order their groceries online instead.
Microseconds away (as the e-mail flies) is the International Finance Center, with an IT occupancy of 5% (that does not include a large number of banking and finance companies that work closely with the dotcoms).
Amazon (AMZN) is an amazing success story, one of the few dotcoms that not only survived the bursting of the dotcom bubble in 1999, when its stock lost 95% of its value, but recovered and has prospered.
Hailing from the U.K., Cambridge-educated Darbyshire is a former barrister and management consultant who helped launch a California wine company, and was a strategy executive at a number of dotcoms during the halcyon days of Web 1.0.
Wall Street houses argue that this would be hugely inefficient, and that, anyway, their analysts were bullish not in order to keep the bankers happy, but because they believed, albeit wrongly, in the dotcoms they were touting.
Haley also knows that the stock price is a critical matter for the employees of many companies, especially dotcoms in Asia that pay a large percentage of compensation in the form of options because they can't afford cash.
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