August 30, 2001

Tally suggests dot-com shake-out almost over

Author: JT Smith

Reuters: "The number of Internet companies
closing up shop fell slightly in August from July -- the fourth straight
monthly decline -- hinting the worst may be over for the beaten down
dot-com industry, though there may be a rise in shutdowns in the
near-term as companies and investors start year-end housecleaning, a
report on Thursday said.

Internet shutdowns totaled 38 in August, a ``relatively modest'' number
and down from 39 in July, according to the report by San
Francisco-based Webmergers.com."

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