Now, they're following a different plot line. The deals are still coming. About 40 Net IPOs were launched last year. But the poor performance of the Net IPOs since Net stocks began their plunge bodes ill. So, too, are investors apparently.
Internet companies insist that the outlook for the industry remains unchanged.
We have left the parabolic growth phase of the Internet. The Internet stock boom isn't going to turn into a bust, at least not soon. The McGraw-Hill Companies Inc. All rights reserved.