Tech recovery still a ways off

A fairly depressing story from Washtech.com noting that the tech recovery is still not in close view. Among the points:

-- The Nasdaq is down 13% for the year
-- Venture investing for Q1 was down from Q401, and a recovery will lag a rebound in the public markets
-- Biotech, thought to be the bright spot, has taken some big hits recently
-- Telecom may not recover until 2004
-- The tech recovery will probably lag the end of the recession by a year