IP: WSJ says dot-com crash will be FAR worse (fwd)

From: Eugene Leitl (Eugene.Leitl@lrz.uni-muenchen.de)
Date: Thu Mar 29 2001 - 00:30:27 PST

Duck & cover, I guess.

---------- Forwarded message ----------
Date: Wed, 28 Mar 2001 19:10:24 -0500
From: David Farber <dave@farber.net>
Reply-To: farber@cis.upenn.edu
To: ip-sub-1@majordomo.pobox.com
Subject: IP: WSJ says dot-com crash will be FAR worse

>Date: Wed, 28 Mar 2001 15:52:54 -0800
>To: farber@cis.upenn.edu
>From: mech@eff.org (Stanton McCandlish)
>Well, at least the rents'll probably go back down again... :-/
> >From TechDaily, today (story "How Green Was Their Valley?", AM edition):
>"The amount of money flowing into Silicon Valley companies from the
>public markets is quickly evaporating, according to new data provided
>to AP. Meanwhile, The Wall Street Journal reports on a study by Cushman
>and Wakefield that predicts about 80 percent of the remaining dot-com
>companies in the Bay area will collapse in the next year, wiping out
>some 30,000 jobs."
>Relevant links:
>AP story: http://www.nytimes.com/aponline/business/AP-Cash-Crunch.htm
>(you have to sign up with a login ID & password to read this; it's
>probably available at another site somewhere, probably
>WSJ story: http://interactive.wsj.com/articles/SB985736257853236359.htm
>(AND you have to sign up here, as well.)
>Stanton McCandlish mech@eff.org http://www.eff.org/~mech
>Technical Director/Webmaster Electronic Frontier Foundation
>voice: +1 415 436 9333 x105 fax: +1 415 436 9993
>EFF, 454 Shotwell St. San Francisco CA 94110 USA

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