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Weathering the perfect storm. (Selected Topic).(technology companies in the economic downturn)

Business Credit

| June 01, 2003 | Pichinson, Marty | COPYRIGHT 2003 National Association of Credit Management. 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

In today's current economic downturn, or the perfect storm, as I like to call it, companies are facing some of the toughest decisions they've had to make in decades. Not since Holland in the 1630s or in the 1835 British Rail fiasco has such unprecedented prosperity been followed by such incredible fallout. There were of course smaller incidents of financial craziness, but the recent technology splurge ranks with the best.

To find our best comparison, we go back in time to Europe nearly four hundred years ago. At that time, a speculative investment bubble around the Dutch Tulip bulb market created such a mania that people traded their houses, everything they ...

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Source: HighBeam Research, Weathering the perfect storm. (Selected Topic).(technology companies...

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