Word: teche
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...teenage normalcy. It's not easy to do a cnn interview live from Davos one week and be back in class studying for the upcoming A-level exams the next. It helps that Hadfield commutes to Schoolsnet's London headquarters only once or twice a week; the firm's tech operations, which he oversees, are based in his hometown of Brighton. He also guards his off hours fiercely, saving time to watch England soccer games with friends and to go nightclub hopping, "especially if I have to be in class at eight the next morning...
...even people who aren't negatively affected are upset." Interestingly, she notes, many of the dotcoms reviled by artists and neighborhood activists started out like a lot of other quirky, creative San Francisco projects. "They just happened to coincide with the rise of Silicon Valley and the high-tech industry," Lloyd says...
...stock market last week, here's a little more comfort: you've got company. Lots of it. Such meager solace won't put Junior through college or send Cisco back to $82, but it sure helps the ego knowing that tens of thousands of people clung to their tech stocks as desperately as you did for the whole bloody decline. How could they not? For years tech stocks were magical. Unimagined wealth was yours simply for logging on to the New Economy mind-set, clicking three times and whispering, "There's no place like a good home page...
...that line! From the end of 1997 through March 2000, some $112 billion flowed into aggressive growth stock mutual funds, the kind that load up on the Yahoos and Akamais. Investors anted up $52 billion to buy 585 tech IPOs during the same period--roughly the same amount spent on twice as many deals over the previous eight years. At the peak, just over a year ago, tech stocks accounted for 35% of the S&P 500's market value, up from 12% in 1995. It was a mania for the ages, and you were in the front...
...recession. One thing we do know: stocks are in their worst rout in two decades. The Dow's all-time high of 11,723 came on Jan. 14, 2000, and it has since fallen 16%. That's nothing compared with the 25% decline since last March in the more tech-exposed S&P 500. The tech-laden NASDAQ has plunged 63% since its peak a year ago, the worst drubbing for a major stock index since the Depression...