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Letter From Chicago.

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| September 05, 2001 | COPYRIGHT 2001 Financial Times Ltd. 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

(From Newsbytes)

Byline: Felicia Morton

On the 36th floor of the Playboy Building in downtown Chicago, Michael Ferro, CEO of Click Commerce, contemplated why the high-tech economy has not taken off in his town.

The impressively old-school office, with its lofty ceilings, chandeliers, fireplace and a view of the John Hancock Building, isn't the kind of place one would expect to find the 34-year-old CEO of an Internet software development firm. But the surroundings match Ferro's role as a seasoned and influential technology leader.

In fact, he sat down with "The Upload" after returning from a meeting of Mayor Richard Daley's new Council of Technology Advisors where he volunteers as a board member, offering advice to Chicago politicos on how to solve the city's high-tech woes.

Ferro acknowledged that Chicago has had its share of problems in developing a viable high-tech community, but he was optimistic about its future.

"At the end of the day, when the dust settles, I'm going to bet that a lot more high-tech firms have succeeded here than you think," he said. "This is still a bigger economy than Austin, Texas."Michael Ferro, CEO of Click Commerce (Felicia Morton/Washtech.com).

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