From Austin Business Journal, October 21, 2008...
Revenue forecasts are being reduced by 66 percent of technology companies, and almost 50 percent of venture capital executives believe the current financial crisis is worse than the tech bubble crash of 2000, according to a survey released Tuesday by DLA Piper law firm.
More than half of respondents (55 percent) believe the stagnant IPO market will not begin to rebound until 2010 or later, the survey shows.
Nevertheless, there's some optimism, with clean technology being seen as a bright spot in the bleak economic picture and 55 percent of respondents saying the U.S. will lead in producing the next generation of leapfrog technologies in the coming decade
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