Word: dotcomers
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...even the closest and most imaginative reading of Nostradamian Centuries or Revelatory verse could have warned Americans that their 2000 presidential election would turn from democratic contest to banana-republic farce. No horoscope foretold the rise of the dotcom companies and the creation of overnight billionaires - and if there was one that warned of the dotcom collapse it clearly was not heeded by the vast majority of investors today sitting, forlorn, on their devalued shares. That does not prevent the Internet from buzzing with Nostradamus' apparent predictions of a divided election and the rise of "the village idiot...
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...
CYBERSEAT One more reason never to get up. Oblivious to the dotcom downturn, La-Z-Boy is moving impetuously into the Internet space with the Explorer ($1,049), a new reclining chair that comes with a built-in wireless keyboard from Sony and a Microsoft WebTV receiver that accesses the Internet through your TV. If only the Explorer came with a business plan and venture capital, it would be perfect...
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...