Business Services Industry
For-profits go back to school; Investors wary as stock prices fall at dot-coms; some solid programs.(the education industry)
Crain's New York Business, August, 2000 by mcdonald, michael
Until last year, White Plains-based Street Technologies Inc. was merely another company in the for-profit education business, putting corporate training programs on the Internet. Last year, however, it acquired an award-winning Web site called Learn2.com, adopted Learn2.com Inc. as its new name and became a dot-com.
But investors, it turned out, were not impressed. The stock price languished at around $4, perked up a bit in January to $9, then fell along with the broader dot-com sell-off in April to $2, where it has remained. Diverse market So now Learn2.com is back to being a for-profit education company. ``I'm not sure what the label is anymore,'' admits Stephen Gott, the company's president. ``Today we're not a dot-com, but tomorrow maybe we will be...
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