Survey Finds Optimism Despite Dot-Com Disasters - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Survey Finds Optimism Despite Dot-Com Disasters

Most believe dot-com failures to continue in the next six to 12 months, new survey shows.

The demise of Webvan Group Inc. is an old story at this point, but a new survey shows that many don't believe it will be the last saga concerning a failing Internet company--only the latest. According to a survey released Monday by market research firm Feldman Communications Inc., 64% of its 100 respondents believe dot-com failures and layoffs will continue over the next six to 12 months.

Only one in six respondents believe the worst is over for Internet companies. The respondents, which included tech executives, business owners, and analysts, blamed the dot-com bust on a failure to recognize customer needs, excessive funding for marginal concepts, and a gold-rush mentality.

There is some optimism about the overall economy, however, says Feldman president Paul Feldman. Seventy-four percent of the respondents do not believe the dot-com fallout will spark a U.S. recession, and 83% do not believe the global economy will be affected. "The numbers are very strong that the people in the community believe these problems will not ripple out to the rest of the economy," says Feldman.

Last week, outplacement firm Challenger, Grey and Christmas released the July figures for dot-com job cuts, and though the 8,697 reported for the month is a nine-month low, president John Challenger agrees with the Feldman survey. "Though there are not as many companies out there, job cuts will continue as big cuts will hit companies acquired or condensed. The numbers will just be lower."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
News
Think Like a Chief Innovation Officer and Get Work Done
Joao-Pierre S. Ruth, Senior Writer,  10/13/2020
Slideshows
10 Trends Accelerating Edge Computing
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/8/2020
News
Northwestern Mutual CIO: Riding Out the Pandemic
Jessica Davis, Senior Editor, Enterprise Apps,  10/7/2020
Register for InformationWeek Newsletters
Video
Current Issue
[Special Report] Edge Computing: An IT Platform for the New Enterprise
Edge computing is poised to make a major splash within the next generation of corporate IT architectures. Here's what you need to know!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll