PictureTel and VTEL haven't done so well: Their shares are down 85% from their alltime highs.

FORBES: Told you so

PictureTel and VTEL haven't done so well: Their shares are down 85% from their all time highs.

FORBES: Up & Comers: Told ya so

So are videoconferencing systems and other substitutes for face-to-face meetings produced by firms such as Polycom, Picturetel and WebEx.

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Like ViaVideo, Polycom had been started by a defector from the videoconferencing industry -- Chief Executive Brian Hinman was a cofounder of PictureTel.

FORBES: Told you so

Like ViaVideo, Polycom had been started by a defector from the videoconferencing industry -- Chief Executive Brian Hinman had been a cofounder of PictureTel.

FORBES: Up & Comers: Told ya so

As far as improving his own environment goes, Nick plans to make room in his cramped office at some point for a PictureTel videoconferencing suite.

BBC: By Internet Correspondent Chris Nuttall

Doerr has lost 9, 745 shares of Picturetel, a videoconferencing start-up backed by Kleiner Perkins and acquired by Polycom, best known for its conferencing calling setups, in 2001.

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In the second and third quarters of this year, reports TeleSpan analyst Elliot Gold, Polycom was the unit sales leader, selling 7, 759 ViewStation systems to PictureTel's 7, 180 and VTEL's 2, 000.

FORBES: Told you so

Doerr has lost 9, 745 shares of Picturetel, a videoconferencing start-up backed by Kleiner Perkins and acquired by Polycom (nasdaq: PLCM - news - people ), best known for its conferencing calling setups, in 2001.

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