Wednesday, July 23, 2008

Winslow Homer The Houses of Parliament painting

Winslow Homer The Houses of Parliament painting
Winslow Homer The Gulf Stream painting
Today, simply put, everything about the Internet experience generally and the dot-com phenomenon in particular is in doubt.Traditional “old-line” companies are counting their blessings for not having squandered precious resources on the so-called New Economy. We now identify those companies, by the way, in laudatory tones rather than pejorative ones: They tend to have meaningful revenues, positive cash flows and profits that don’t require footnotes to discern their value.If the phenomenon were dead, we’d just say so and get on with more important issues. But the Internet isn’t dead — even though parts of it may be dying. It’s evolving, rapidly. How companies, Old and New Economy, position themselves in the coming months to capitalize on that evolution will speak volumes about who will survive, thrive or disappear.

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