The New Internet Revolution Is Led by the Old Economy Soldiers

Wednesday

Adam Lashinsky on the State of the Internet

Dan Colarusso on Internet Growth Projections

Katherine Hobson on E-tailers' Push for Profitability

Catherine Valenti on Ailing Internet Funds

Jamie Heller on Using the Net to Track Net Stocks

Thursday

Tracy Byrnes on the Frenzy Next Time

George Mannes on Self-Hating Dot-Coms

K.C. Swanson on Old Economy Winners

David Gaffen on Measuring the Internet Economy

Friday

Ian McDonald on 'Butterfly' Companies

Justin Lahart on Real Net Valuations

Joe Bousquin on Building the Perfect Net Company

A Dan Gross Opinion Piece: Were the Old Guys Right?

TSC Roundtable on Predicting Six-Month Winners

Roland Jones on The Last Days of Daytrading

Eric Gillin on Working for a Dot-Com

The futurists were right, it just took a little while.

The dismal fortunes (for the moment, at least) and 90% stock price declines of many "pure play" Web stocks have been grabbing all the headlines about the Internet crash. But they represent only a small, shrinking slice of the burgeoning Internet economy. The much bigger story -- just beginning to be played out, and the one prophesied by many Internet visionaries way back in the mid-'90s -- involves the huge, profitable, manifestly boring companies that do the heavy lifting in the U.S. economy.

"If 1999 and 2000 was the story of the dot-com, 2001 will be the story of the corporate transformation to totally embrace e-business," says Raphael Amit, who teaches entrepreneurship and management at the University of Pennsylvania's Wharton School of Business. "I hear, 'Well, e-business is dead, the financial markets are not responding.' I think this is totally baloney. We haven't seen the beginning yet." ...