The suddenly flush clerks and secretaries, not to mention the even flusher bankers, at Wall Street powerhouse Goldman Sachs Group won't be convinced. But their company's smashing $3.7 billion initial public stock offering last week--spreading wealth up and down the ladder--was less noteworthy than a handful of Internet IPOs that flopped. Say what? Yes, flopped. Shares of online map company Mapquest and online advertising company Flycast failed to double in a day--a stiff bogey but one that Internet companies have been hitting all year. Meanwhile, online real estate company Comps.com actually fell on Day One.
This turnabout points up...