Update on dot.coms. I wonder what measurable impact this has on the server revenue of likes of CPQ, HWP, IBM, SUNW...
Wednesday January 3 7:21 AM ET
210 Internet Failures Reported in 2000
PALO ALTO, Calif. (Reuters) - At least 210 Internet companies shut their doors during the year 2000, taking down with them some $1.5 billion in investment money, a new survey shows.
The study, from San Francisco-based Webmergers.com, said the rate of failure accelerated at year end, with 60 percent of the closures occurring in the fourth quarter.
Most of the companies that failed were e-commerce businesses, which accounted for 109 of the shutdowns. Online content sites made up another 30 of the total, while infrastructure and other online service companies made up the remainder.
Webmergers estimates that as many as 15,000 employees lost their jobs as a result of the closings. That figure does not include all the dot-com layoffs, since many companies that are still in business have slashed their payrolls to conserve cash.
In addition to some high-profile dot-com failures like Pets.com Inc. (NasdaqNM:IPET - news), some of the companies that closed their doors just before year end include BizBuyer.com and DeskTop.com. |
