Last dot-com finally fails
Posted by Michael on Tuesday September 3, 2002 @11:03AM
from the insert-appropriate-dot-pun-here dept.
Squid writes: Well, it’s happened – the last remaining dot-com company has finally shut down. Leading economists believe that this is the signal for the Internet business recovery to begin in earnest.
The company was e-i-info-sys.com, started in late 1998 with a large venture-capital contribution. Its purpose, according to its mission statement, was “to facilitate e-transactions and virtual meetings in the global infospace”. Its stock was selling for over ten dollars per share on the NYSE in early 2000, and is now selling for 10 to 20 cents per share on eBay.
Founder J. Morton Morton, Jr., who left the company in 2001 for a position at WorldCom, was unavailable for comment.