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Another firm raking in cash from the tech downturn is Overstock.com based in Salt Lake City, Utah. Overstock is the world's first purely e-tail site to break even, a feat achieved after burning through just $27 million in venture capital--pocket change in Silicon Valley. Overstock, which buys surplus tech products at liquidation prices and sells them to consumers at an average 60% off the retail price, is best known as a "vulture" site, raking over the bones of deceased dotcoms and snapping up $44 million of their equipment...

Author: /time Magazine | Title: E-Commerce: They Love The Slump | 6/11/2001 | See Source »

...learned his name only from a piece of mail misdelivered to our house. A letter from...his bank. We were all a little afraid of him, of his silence, his secret. A woman on a farm down the road called him "the Unabomber." The oldest woman in the valley, a woman in her eighties, said he had lived in the cinderblock house for forty years, on a shaggy stretch of uninhabited road beside the old gravel pit, which was filled in and covered up a year or two ago and already has vanished undetectably beneath a carpet of new pasture...

Author: /time Magazine | Title: The Last Days of the Neighborhood Hermit | 6/7/2001 | See Source »

...downtown L.A. in a voice that was so hoarse from campaigning that he could barely talk. He was still defiant. But less than an hour later, he conceded after it became clear that the late- arriving returns from far-out areas of the city like the San Fernando Valley would probably only increase Hahn's lead...

Author: /time Magazine | Title: A Valedictory for Villaraigosa | 6/6/2001 | See Source »

Researchers from India to Massachusetts are exploring digital smell technology, add-ons that make your computer into a perfume factory. But the current atmosphere for virtual scents pretty much, well, smells. Greg Gretsch, a Silicon Valley veteran at blue-chip venture capital firm Sigma Partners, says, "Someone talks about digital scent technology and my bulls___ meter goes...

Author: /time Magazine | Title: Sniff-N-Scratch | 6/4/2001 | See Source »

...albino hawk has come to the valley. I like to watch him presiding over these complexities. I see him riding the air currents that curl up from the ridges on either side as the wind flows through the north-south valley. He was born a red-tailed hawk, but colored all white, a relatively rare occurrence but seen sufficiently often to earn the albino a short item in the bird books...

Author: /time Magazine | Title: At the Farm, the Animals Go On the Prowl | 5/28/2001 | See Source »

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