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This is Worse than the Tech Bubble Bursting - Duh!

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DLA Piper released the following survey of global technology leaders this week. Add these folks to your gloomy gus list.

Among the low lights of the survey:

- 75% of respondents claim they've been affected by the economic downturn.
- 55% don't expect the IPO market to improve until 2010 at the earliest.
- Two thirds expect their revenues to decline due to the economic crisis.
- Just under 50% of Venture Capital firms surveyed say this is worse than the tech bubble bursting in 2000.

Why does this matter to non-tech firms:

New technologies are perhaps the greatest way to streamline your business to run lean and mean for survival in this downturn. If tech goes south, your tech toolbag will get lighter and lighter.

No surprises here, either, from that same DLA Piper survey: the brightest spots for opportunity right now is green/clean technologies.

Last updated: Oct 23, 2008




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