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Monday - August 7, 2000
Europe's Internet Drought
According to The Economist:
"With hundreds of firms
running out of cash, a bout of consolidation is about to
break out among Europe's Internet start-ups.
A couple of weeks ago, Stefan
Muennighoff, an Internet entrepreneur, was in London talking
to a rival firm that wants to be bought by his GloMediX,
a budding online marketplace for Europe's hospitals to
buy medical supplies. This week, back home in Munich, he
received a call from a Portuguese start-up that is also
looking to be bought. This trend, he says, is spreading
throughout Europe, as young Internet firms start running
out of cash..."
Click
here for the full story.
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