Word: dotcoms
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...combined value of all nasdaq stocks has fallen by more than $3 trillion. On this side of the Atlantic, the combined value of stocks in London's ftse techMARK 100 index has dropped by over $93 billion. In the markets, black humor has replaced boundless optimism, and the word dotcom has become first dotbomb and then dotgone...
...Berlin. Says Elserino Piol, president of Italy's Pino Venture Partners: "We've come to the end of the pioneer cycle." Venture capitalists are at the heart of that change. Before the markets turned south, such folks had a clear, highly lucrative exit route from almost any dotcom in which they invested: an initial public offering. Now, as they depend on alternative exit strategies such as trade sales - in which a company is sold to an existing firm in the same industry - the VCs are subjecting potential new investments to scrutiny reminiscent of a more sensible time. "We're going...
Indeed, Japan and the Internet have gone together like sushi and ketchup. It's still surprising that tech-savvy, gadget-happy Japan sat on the sidelines during the boisterous dotcom boom. (Remember that?) Even today, in Japan, the world's second largest economy, only 625,000 homes have high-speed Internet access, out of a population of 126 million people. PCs never caught on, in part because the first models were ugly and bulky and used keyboards the Japanese aren't comfortable with. "We're keypad people," says DoCoMo's president, Keiji Tachikawa...
...that cannot be solved on the Internet. Which is how I ended up at eDiets.com the Web's most popular diet-and-exercise program. Since it charges $10 a month (plus a $15 sign-up fee), eDiets' own bottom line is quite healthy. Here's a three-year-old dotcom that is not only still in business but also turning an annual profit of $640 million. It does so in part by being shamelessly overzealous: as a recent Tufts University review pointed out, even if you tell eDiets you are 15 lbs. underweight, it will recommend you join immediately...
...Turkish journalist Mahir, All Your Base spread from office to office via e-mail like a benign virus. As a slide show rather than bandwidth-hogging video, it takes seconds to load (on such websites as thefever.com/AYB2.swf) Much of the spreading was being done last week by dotcom workers in San Francisco and the Silicon Valley, where good laughs are in short supply these days. But the inside joke may not be inside much longer: All Your Base T shirts are now being sold online...