Another Boom = Another Bust? What do you think?

 

Sunday’s Boston Globe had an interesting article on the tech industry and its future among the recession fears. One interesting note was how some of the “survivors” have been the what-some-might-consider “less sexy” cousins of all the Internet darlings, “Indeed, the infrastructure and enterprise products scorned by Internet highfliers early in the decade – from data storage equipment to accounting software – have become platforms of growth and stability in today’s technology economy.”

 

Several of our clients echo that sentiment as they continue to move forward with innovative, useful technologies that are key drivers to the growing tech sector. While not quite the “media darlings” as many yet-unproven Web 2.0 companies, they are solid, growing companies with innovative products and services, real customers – and revenue.

 

Judging from today’s news alone – coming from such clients as Lightstorm Networks, Sycamore Networks, Gotuit and more – solid, continued growth continues to sustain the economy – with companies solving real problems for real, paying customers. We are proud to work with this generation of tech leaders – although we do kind of miss all those fun dot com names such as pets.com, furniture.com, vote.com and more. Maybe there was something about such simple, obvious names that contributed to the downfall… simple names = too simple of an idea backed by too much money, perhaps?

 

Check out today’s news and let us know what you think. Is there a tech bust looming?

 

  • Gotuit – video navigation and search leader signs Fox Reality Channel, the only all-reality, all-the-time network; check out The Fox Reality Channel Really Awards 2007 now to watch last year’s awards ceremony and vote for the Most Memorable Reality TV Star for 2007
  • Lightstorm Networks – new Carrier Ethernet Silicon player emerges
  • Q1 Labsnetwork security management company sponsors a SANS Network Security Lunch & Learn
  • Sycamore Networks - (NASDAQ: SCMR) – a new Intelligent Multiservice Switch from one of the market’s longstanding leaders in intelligent networking solutions for fixed line and mobile network operators worldwide

One thought on “Another Boom = Another Bust? What do you think?

  1. Here’s a recent headline from TechCrunch: “Virtual world goods seller PlaySpan has received $6.5 million Series A – Founder In Grade 6.”

    http://www.techcrunch.com/2007/09/19/playspan-takes-65m-series-a-founder-in-grade-6/

    Yes, I think we’re starting to see some of the “irrational exuberance” that characterized the Dot.com era. I also agree that that the over-simplification of names and labels helps lead some down a bad path. The phrase “Web 2.0″ has mutated from a paraphrase of “user generated content on the semantic web” to a catchprase and label applied to the next “hot company.”

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