Would you (or someone) please give us a quick summary of what they
said?

--

Roger Long



"Larry" wrote in message
...
Larry wrote in
:

Over

In the local Business Section of the Charleston News & Courier daily
newspaper, here, there is a front page article discussing what
happened to
Sailnet and a story about its demise....

Dot Bomb, indeed.

http://www.charleston.net/stories/?n...ction=business
but they think they're the damned NY Times down there and want your
logon
info so they can hand you over to the spammers...Caveat Emptor,
indeed.

--
Larry

"Roger Long" wrote in
:

Would you (or someone) please give us a quick summary of what they
said?



Basically, they expanded too fast for conditions. Too much spending and
overextended themselves, like most dot.com companies did during the boom
times. The red ink got to the investors in California and it was decided
to cease operations to lick their wounds and get out, instead of pouring
more money down a losing hole. After the initial blast of orders, times
got tougher and orders dried up, putting all this spending way in the red.

Sound familiar?

--
Larry