If your organization has been smart in the e-business race, it has concentrated internal energies on core competencies and has partnered with other companies to extend its reach, utilizing these companies to develop technologies important to its success. Partnering can bring new products or services to market more quickly and at a lesser cost than "doing it yourself." Partnering is a great e-business strategy, even if some of the companies you partner with are dot-coms.

Of the 30,000 or so dot-coms that currently exist, in-dustry analysts are predicting 75 percent of them will become casualties. Valuations are coming back to earth after their zenith in early 2000. After the Nasdaq decline that began in April 2000, the market no longer values "just another good idea" without a distinct path to profitability. Additional capital funding is hard to come by, and late-stage companies are in a wait-and-see mode regarding their IPOs. Times are tough for dot-coms.

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