Liz, also around the 1990 tech collapse was a banking crisis, real estate collapse (commercial and, in silly valley, residential), and Iraqi invasion of Kuwait. The only difference was all that didn't follow a bubble in the stock market.
A lot of overleveraged owner-builders were wiped out in the real estate collapse in 90 in california. Whats interesting was the extent of the california residential real estate bubble then, and how it would *never recover*.
People forget the revenue to tech companies in the tech boom was shared by far more participants. In software for example there were probably 40 companies in the a-and-b list who could take your web services or storefront business. argt,bvsn,vign,kana,epny,prgn,blue,fire, etc etc the list goes on and on. These are ALL GONE. For the 5 or so remaining software vendors will revenue and growth rates ever recover to 90s levels... I say its a distinct possibility, in fact likely.
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