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

By Chris on May 22, 2002 2:44 AM | | Comments (0)
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Chris Alden

Christopher J. Alden is Chairman & CEO of Six Apart Ltd., the world's leading blogging company. Six Apart acquired Rojo Networks, Inc., creator of an innovative RSS feed reading service, where Mr. Alden was co-founder and CEO. Before Rojo, he was CEO of Red Herring Communications, Inc., publisher of Red Herring magazine -- described by the Wall Street Journal as the "bible of Silicon Valley" - which he helped launch out of his house in 1993. Prior to that he founded Computer Guides, a consultancy.
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