The Day the World Ended

I'm hypnotized at my computer, watching the NASDAQ collapse, when e-mail pops up reminding me of our biweekly company meeting. Eighty or so employees gather around our CEO, Karl Jacob. "Well," he says, "we all know what happened in the market today."

Yeah. The world ended. The fact that the NASDAQ may have hit a new high by the time you read these words doesn't erase the vague sense in dotcomland that the party, if not quite over, is definitely winding down. It's behemoths like Cisco and Intel that are keeping the NASDAQ afloat. The Web bubble is...

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