Word: dotcom
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Dates: during 2000-2009
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When the going gets tough in the technology capital of the world, the tough take a nap. As blackouts last week hit iSyndicate, a content-creator dotcom in downtown San Francisco, product manager Marina Psaros did just that. "I lost a bunch of stuff I was working on," she said, so she caught up on some of the sleep her kind is forever losing. Not that it helped. "This whole thing is f______ ridiculous," Psaros says. "Come on, it's not like we're living in Romania or something...
Thus emerged Sidestep, Barth's two-month-old company, which joins second-generation dotcom travel sites like QIXO and Farechase in a challenge to such powerhouses as Travelocity, Expedia and Priceline. Sidestep's edge is that, in addition to finding low fares for consumers, it offers airlines the prospect of removing an expensive link or two from the travel reservation chain--namely, the so-called global distribution systems, like Sabre, that complete about 75% of all travel bookings...
Being located in a Web-crazed country did not prevent shares of South Korea's Internet companies from plummeting after the global dotcom bubble burst last spring. (The country's high-tech kosdaq stock exchange has tumbled 80% since its peak in March--steeper than nasdaq's fall.) But that hasn't shattered South Korean faith in the New Economy. Info tech still accounts for more than 10% of the $400 billion economy, and that percentage must grow further if the country is to continue its economic climb. With its labor now expensive in international terms, and with few natural...
...latest poster child for dotcom misery, in case you're still keeping score at home, is eToys. Since the Grinch stole its Christmas season, it has been hunting for a buyer or a merger partner--anything to avoid bankruptcy. Employees are bracing for layoffs as the site unloads toys like Sing 'N Strum Barneys and Talking Wimzies for as much as 75% off. And the stock? Down from a 52-week high of $31.50 to about 20[cents]. Some folks have been taking perverse pleasure in seeing the dotcoms crash and burn. "Is anyone else morbidly watching this stock like...
Popcap is a three-man company run out of an apartment in Seattle. John Vechey, 22, its business manager, says the company is already profitable, making money two ways in the face of the dotcom downturn: from advertisements that flash on your screen while you play, and through licensing fees that other companies pay Popcap to use its games on their sites. Popcap's Tetris-like Diamondmine is the No. 1 game at MSN's GameZone (where it's called Bejeweled). When I visited there last Friday morning, 9,032 people were playing it. Bejeweled was too soft...