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

[David Farber <dave@farber.net>]

>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
>http://dailynews.yahoo.com)
>
>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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