Business Services Industry
The Boston Globe High-Tech Sector Report.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, September, 2000 by Stoughton, Stephanie
Sep. 18--WEB CONSULTANTS FEEL DOT-COM PINCH: Internet consultants delighted Wall Street investors when their stock prices soared and customers lined up at their front doors, anxious to build vibrant Web sites.
But the surge couldn't last forever.
And earlier this month, the dot-com turmoil that began when investors began spurning virtual retailers spilled over to the technology consultants that helped create the new marketplace.
Triggered by Viant Corp.'s warning that its third-quarter earnings would fall short of expectations, the stock prices of consultants like Scient Corp., Breakaway Solutions Inc., and Sapient Corp. spiraled downward.
Also feeling the pinch is Cambridge Technology Partners Inc., which said that bad debts from...
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