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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (55810)	11/18/2001 4:17:00 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

FEATURE-FreeMarkets' CEO still sees life in B2B Reuters, 11.18.01, 12:14 PM ET forbes.com By Siobhan Kennedy NEW YORK, Nov 18 (Reuters) - Glen Meakem is a very rare kind of CEO these days -- he runs a business-to-business software company with a share price above $10. Now, the 37-year-old chief executive of FreeMarkets Inc. (nasdaq: FMKT - news - people) and Gulf War veteran, says his company's rivals are struggling to catch up. As the Internet bubble burst and the U.S economy fell into the doldrums, B-to-B went from being the must have of new technologies to the dirty word that CEOs banned from the boardroom. Far from saving companies millions of dollars by purchasing goods over the Web, most online marketplaces failed to take off. And, of those that did, the vast majority quickly went bust due to a lack of funding. With the ability to raise additional capital almost nonexistent, scores of companies -- whose CEOs all got rich during the happiest of dot-com days -- fell from favor. So too did their stock prices.