The rate of internet company closings appears to be slowing down with only 54 dot coms closing their doors in the first quarter of 2002.
Merger and consulting company, Webmergers.com, which tracks the count each month on its web site, reported just 54 internet companies shut down compared with a year-ago total of 164 companies.
The latest number brings the count to 823 dot com failures since January 2000.
There were 17 casualties in March, down slightly from 18 in February and 19 in January. March showed the lowest casualty rate since August 2000 when ten internet companies failed.
Tim Miller, president of Webmergers said the worst appears to be over. ‘But the tail appears to be pretty long, given that there are a number of holdouts.’
Miller said the March numbers are in line with the company’s predictions that the shutdowns rate will plateau for much of 2002 before declining much further.
Driving opportunity for all and empowering businesses for success are the key themes for the Sage Summit UK this year, which takes place on 5-6 April
The partnership will see PwC have 'physical presence' at CodeBase in Edinburgh
Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security