Not so, or at least not visibly. That weekend, the headlines in the newspapers heralded the crash as the final insult for a falling technology stock sector. A week later, it plummeted and then creeped back up yet again. Despite the market's ongoing uncertainty, however, it's clear that the Internet sector has been badly battered.
Executives sound upbeat about the future of their companies.
Two weeks ago, on the day that the Dow dropped 617.78 points, McDaniel was calling on investors. Today, she's sitting in her corner office in an office park in San Mateo, Calif., which has been transformed by a babbling Japanese fountain into a tiny oasis of calm in a sea of sweltering concrete. Still, a recent story in the San Francisco Chronicle listed 41 local companies with stock performing below the initial IPO price. And basically business doesn't change at all. She does point out that the low stock price could affect the company's capital-raising efforts.