Word: teche
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Talk about a wild ride. Kristian Dicke and Richard Geibel, two Germans in their 30s who had been university roommates, launched their business-to-business exchange March 11, 2000. That was the day after the nasdaq peak, the beginning of the yearlong global tech-stock slide. Matchbid - which has since transformed itself into a software firm - has survived...
...thing. And as those companies listed on the stock markets, financial institutions got in on the act, driving valuations and share prices through the roof. On March 10, 2000, Germany's Neuer Markt, France's Nouveau Marché, Italy's Nuovo Mercato and the granddaddy of the high-tech bourses, America's nasdaq, all reached new peaks. Then the tide turned, taking with it many investors, market analysts and the brash young things with their big dreams. In the past year, the combined value of all nasdaq stocks has fallen by more than $3 trillion. On this side...
...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 back to the Old Economy rules for investing," says Carlo Pirzio-Biroli, chief executive of Italy's CDB Web Tech. "We want strong entrepreneurs, a rational business model, strong marketing possibilities and defendable technologies...
...smash-hit video game Tomb Raider can tell you, Croft Manor is the home of Lara Croft, the aristocratic female archaeologist with an eye-popping physique and an Indiana Jones-size taste for travel and adventure. Croft aficionados, though, have never known the place to look this high-tech, or this highly detailed. They have also never met its other inhabitants: the butler, the sardonic tech geek who lives in a trailer out back, or Lara's late father, Lord Croft, who will appear in his manor's observatory packed in the dry ice of a dream sequence...
Harvard's other captain, Francis Volpe, will also move on to second-round action in the 184-lb division. Volpe, who competed in the NCAAs in 1998, defeated Rider's Shawn Scannell 7-1. He will face Virginia Tech's Scott Justus, who upset the fifth seed on his way to the next round...