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...NAME, TEAM] Robert Davis, Lycos.com [FORMER TEAM] Cambex Corp. [PEAK*] $253 million [CURRENT**] $97 million [INDIVIDUAL STATISTICS] Still playing second fiddle to Yahoo...
...today, according to Dean of Undergraduate Education William M. Todd III, who spent 16 years as a Stanford professor. But Stanford was exciting and entrepreneurial. The university was a frontier where students and professors got to be technology cowboys, building up the industry by creating companies like Yahoo!--the concoction of two Stanford students, and one of today's most profitable Internet companies...
...prompting a flurry of IPO postponements. "You'd be a fool to invest in an e-tailer that sells books today or wants to go into any other well-recognized market," says Michael Moritz, a general partner at Sequoia Capital in Silicon Valley, which launched the popular Internet portal Yahoo. "The large waterfront properties have not only been purchased but developed...
...plight of the e-tailers and information providers sharply separates them from their more resilient Internet and technology brethren that have been able to show--ta-da!--actual profits. Companies like Cisco, whose routers switch bits and bytes around the Internet, and Yahoo have seen their stocks rebound after each recent tumble. Shares of Cisco, a company with $12 billion in 1999 revenues, fell to $64 during the worst of Tuesday's carnage but at week's end rallied to $74.94, about 10% off their peak of $82 for the past 12 months...
Tang Haisong imagined that the toughest part of his Internet start-up would be getting the forms approved by Beijing's fossilized bureaucracy. But that was nothing compared with what the baseball-capped chairman of Etang.com faced when he began hiring for his company, which aims to become a Yahoo for China's youth. Good managers were even harder to find than efficient bureaucrats. "In terms of Internet technology, China is only five years behind the West," says Tang, who graduated from the Harvard Business School in 1998. "But in management expertise, we're at least two decades behind...