The Takeaway Economy
Don’t even mention WorldCom, but the overwhelming sense of gloom and doom in the technology sector is pervasive. In a week where all my friends seemed to be saying much the same thing, regardless of the size of company in which they work. If there’s any light at the end of the tunnel, none of them can see it yet, as they see their marketing budgets slashed and the treat of redundancy or more redundancies hanging over their businesses.
What saddens me most, is that we have some really shining examples of technology left in this country which aren’t yet owned by the Americans and yet the investment climate is now so poor that I know of one or two which are on the verge of closing-up or selling the business for a song because they simply cannot raise any investment capital. It strikes me that if Bill Gates were to write a personal reference for a small UK technology company today, the City would still reject the idea. “Gates, he’s American, what does he know”?
You can’…
Don’t even mention WorldCom, but the overwhelming sense of gloom and doom in the technology sector is pervasive. In a week where all my friends seemed to be saying much the same thing, regardless of the size of company in which they work. If there’s any light at the end of the tunnel, none of them can see it yet, as they see their marketing budgets slashed and the treat of redundancy or more redundancies hanging over their businesses.
What saddens me most, is that we have some really shining examples of technology left in this country which aren’t yet owned by the Americans and yet the investment climate is now so poor that I know of one or two which are on the verge of closing-up or selling the business for a song because they simply cannot raise any investment capital. It strikes me that if Bill Gates were to write a personal reference for a small UK technology company today, the City would still reject the idea. “Gates, he’s American, what does he know”?
You can’…