Business Services Industry

Voices of experience. (Management).

Electronic Business, May, 2002 by Arensman, Russ

Five of high tech's most seasoned entrepreneurs, executives and investors discuss the current industry downturn and their hopes, frustrations and fears THROUGHOUT HISTORY, people have turned to their elders for wisdom and advice during troubled times. And seldom have conditions been as utterly miserable for the electronics industry as during the past 18 months.

Last year, sales plunged in nearly every category of high-tech products. That, in turn, prompted bankruptcies, mergers, canceled stock offerings and wave after wave of layoffs. As if that weren't enough, the dot-com bubble burst and terrorist attacks on New York City and Washington, DC, worsened an already difficult situation, casting a pall of fear and sadness over the global economy. ...

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