Pretty gloomy talk there, Scott, you say. In prior weeks, I ve talked about the bubble that drove stock prices, and those technology company stock prices in particular, so high in 1999. Looking back, we all know there was little reason behind those extreme valuations. Now, with the bubble burst, we again move to the extreme. This time, though, we are punishing decent, even innocent companies along with the prior bubble-making offenders.
Opportunities exist for the shrewd, patient, long-term investor.
So today, let s look at two private companies fighting the good fight in this new era of downsized expectations. Both have cutting-edge technologies at heart, but are more likely to be labeled new media companies. Capitolwire was founded by Pete Shelley, a former reporter with the Pittsburgh Post-Gazette and the Harrisburg Patriot News, and Brian Gotlieb, a former lawyer for state government. Capitolwire takes all of this information, from news releases to speeches to newspaper articles to testimonies to regulatory rulings to procurement activities, and puts it all on one website. It adds a search engine that allows you to customize the content to fit your particular needs, and will automatically e-mail to you stories that fit your search criteria.