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Investor's Business Daily

| February 01, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: J. Bonasia

Investor's Business Daily

What a difference a year makes.

In early 2000, the tech industry went gaga over application service providers, or ASPs.

The ASP business model seemed to make great sense. Using the Internet, ASPs would manage customers' software systems, letting them focus on their main business.

The concept became so popular that hundreds of providers appeared almost overnight. They offered software for accounting, personnel, sales,

inventory control and more.

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