A Silicon Valley technology executive came to Wisconsin Thursday with a good news-bad news message for anyone frustrated by the seemingly crazy behavior of the new economy.
Profitability is cool again.
Lochhead cautioned all the new economy naysayers who believed the development meant they could go back to doing business the way they did before the arrival of the Internet. Lochhead, a native of Canada, offered an exuberant presentation peppered with jokes, an impression of newly re-elected Canadian Prime Minister Jean Chretien and a stray bit of profanity for emphasis. He encouraged people to learn lessons from Internet business stumbles and apply them to a new phase of the economy starting to emerge. Yeah, get over it. The new economy was just a transition to take us from the old economy to something else.