Word: dotcom
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TAXING THE INTERNET On one side are state officials, who fear that tax-free e-commerce will erode sales-tax receipts. On the other side are dotcoms and antitax partisans, who argue that a sales tax would stifle e-commerce. The issue poses a dilemma for small businesses: though reflexively antitax, many believe dotcoms are reaping an unfair price advantage from the tax-free Web. Both Gore and Bush favor extending the moratorium but stop there. How tough is this issue? A blue-ribbon panel at press time voted 10-8 not to tax the Internet. Their recommendation has been...
...pretty good season to be a bitter old person, which is to say, as defined by TV advertisers and the Internet economy, anyone over 27. Not only did dotcom whippersnappers get spanked by the NASDAQ, but TV's youthquake--when networks unleashed a hot-bodied army of Dawson's Creek clones to capture young audiences--triggered an avalanche of zit fatigue. The teen cop (Ryan Caulfield), the earnest young politicos (D.C.), the sexy prepsters (the never-aired Manchester Prep)--all were dead on arrival, while older-skewing dramas thrived...
...would be easy to dismiss The Leap as just another self-satisfied saga of risking it all on a dotcom dream. Don't. Ashbrook's tale of how he went from disillusioned newspaperman to co-founder of the home-design empire HomePortfolio.com serves up heavy doses of self-examination and occasional melodrama ("Maybe we don't get to choose our madness"). But it is saved by self-deprecating humor and gut-wrenching suspense (Will the money run out? Will his wife?). By the end, you're praying for this guy to make...
Think for a minute: Is there a technology right under our noses that will make many of our own environmental fears moot? Yes, there is. It's called the Internet. According to scores of studies, the dotcom revolution is already starting to have a profound impact on the way industry affects our world...
...collapse of these new-economy stocks is both a predictable and rational phase of economic development--though it may not feel so rational if you've been burned by them. Launching a dotcom company in recent years has been a bit like getting a license to collect money. Venture capitalists showered you with cash, and Wall Street snapped up your stock at five or 10 times the offering price--sometimes all in the same day--in the hope that you would soon become the next Intel or Microsoft. That money was a magnet for executives of boring old-economy companies...