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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.11+0.9%Nov 21 3:59 PM EST

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To: Jimbo who wrote (50601)3/28/2001 7:16:40 PM
From: Eric  Read Replies (1) of 77400
 
March 28, 2001

Visionaries Cut Through Chaos
Of Europe's Internet Industry

By STEPHANIE GRUNER
Staff Reporter of THE WALL STREET JOURNAL

Where are we now?

Long-term Gains Could Be Substantial

Many experts equate this period of instability to the 19th century and the rise of the railroads. Sure, lots of railroad companies went belly-up, but in the longer term railroads became a key driver of progress and prosperity. Soumitra Dutta, dean of technology and e-learning at French business school Insead, calls this a "phase of sacrificial creation." He says that a lot of bright people have given their energy and ideas to figure out how to best use technology. In the process many have failed, but lots of good ideas have been born.

interactive.wsj.com
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