Investment

2003-05 UPDATE - Market Snapshots of the WEB

[COMMENT 2003-05. We have always held that the dotcom boom and inevitable bust was a failure of investor judgment rather than any kind of negative reflection on Internet viability. Whether this caused, or coincided with, the general recession is an open question. Economic thought regards a recession as a time for reorganization towards increased efficiencies. And we advised that slower times are the best for internal technological development, to retool for future growth, because it costs much more to rework a system that's in the stress of high activity. The Internet during this recession has undergone massive retooling, and efforts of preparation.]

April 2003. Once-fledgling Internet companies that are now thriving, and reporting successive quarters of profit, coupled with the almost-phenomenal business and information transformations currently underway online, are beginning to arouse the attention of venture companies. A new wave of of Internet investing is about to begin.
-source: Jupitermedia Corp

March 2003. At least 4,854 Internet companies have been acquired or shut down in the 3 years since the peak of the boom (held to be Q1 2000). Not making headlines but clearly happening has been an enormous reshuffling of assets, skills, and market positions. Mergers and Acquisitions activity has increased greatly this year, as infrastructure companies acquire Internet technology and skills to beef up their own Web-enabled applications. The shakeout is now almost over. What comes next is a second wave of rapid, but sane, growth.
-source: Webmergers

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