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June 19, 2002

Wired: The Madness of King

Wired: The Madness of King George

Gilder draws a parallel to the tech collapse of the mid-1980s, which compelled some to proclaim the death of the PC era. "We've seen this kind of thing happen over and over again through the history of enterprise," he says. "It's enormously disappointing for the visionaries, yet it's not the visionaries but the people who inherit the infrastructure they've built who typically prosper from it."
Meanwhile in the NY Times, "The industry's problems have gathered force through a cascading effect that began with the dot-com implosion in the first half of 2000, which was of a much smaller scale than the telecommunications meltdown... Only a few companies — among them Verizon, Cisco Systems, SBC and BellSouth — are relatively free from the risk of toppling into insolvency, according to a research model".