PERILS OF DOT-COMS

  • At the University of Pennsylvania's Wharton School, 25 of 765 students dropped out in 1999 after the first year of the two-year MBA aprogram, most to work for dot-coms.
  • An early 2000 study for Barron's found that 51 of 207 Internet companies will run out of money within the next 12 months.
  • The study also found that 74% of the firms surveyed have negative cash flows.