Was it only one year ago that we were all speculating whether Y2K would initiate a global meltdown of all things digital?

As the huge Waterford crystal ball dropped in Times Square at midnight last December 31, it was already clear that a technology disaster was not going to happen ­ at least, not the kind of disaster that end-of-the-world cultists had feared. Yet, had we set our champagne glasses down long enough to peer into our own crystal balls, many of us could have foreseen not just the dizzying rise of the Nasdaq to over 5,000 last spring, but could have avoided getting burned in its fiery fall back to earth. While some sanity has thankfully returned to the capital markets, it is clear that the pervasive impact of the Internet, which fueled the technology-sector run-up, is here to stay as a reality of both personal and business life in the new millennium.

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