ad info




TIME Asia
TIME Asia Home
Current Issue
Magazine Archive
Asia Buzz
Travel Watch
Web Features
  Entertainment
  Photo Essays

Subscribe to TIME
Customer Services
About Us
Write to TIME Asia

TIME.com
TIME Canada
TIME Europe
TIME Pacific
TIME Digital
Asiaweek
Latest CNN News

Young China
Olympics 2000
On The Road

 ASIAWEEK.COM
 CNN.COM
  east asia
  southeast asia
  south asia
  central asia
  australasia
 BUSINESS
 SPORTS
 SHOWBIZ
 ASIA WEATHER
 ASIA TRAVEL


Other News
From TIME Asia

Culture on Demand: Black is Beautiful
The American Express black card is the ultimate status symbol

Asia Buzz: Should the Net Be Free?
Web heads want it all -- for nothing

JAPAN: Failed Revolution
Prime Minister Yoshiro Mori clings to power as dissidents in his party finally decide not to back a no-confidence motion

Cover: Endgame?
After Florida's controversial ballot recount, Bush holds a 537-vote lead in the state, which could give him the election

TIME Digest
FORTUNE.com
FORTUNE China
MONEY.com

TIME Asia Services
Subscribe
Subscribe to TIME! Get up to 3 MONTHS FREE!

Bookmark TIME
TIME Media Kit
Recent awards

TIME ASIAWEEK ASIANOW TIME
SEARCH  GO

about Asia Buzz  |  more Asia Buzz

Asia Buzz: Death Row
The New Economy -- where liquidations are a spectator sport
By ERIC ELLIS

July 6, 2000
Web posted at 1:30 p.m. Hong Kong time, 1:30 a.m. EDT


Is the Internet history's great creator of wealth, as Silicon Valley venture capital guru John Doerr often reminds us, or is it the world's biggest confidence trick, as the recent state of NASDAQ stock prices might suggest? If your sagging stock portfolio suggests the latter, then F***edcompany.com (you'll have to guess the full spelling) might be the site for you.

 INTERACTIVE  
Ticked off at Asia Buzz? Turned on? Talk back to TIME
 
The name is a play on the popular e-business magazine Fast Company, which has been one of the Internet's most enthusiastic boosters, and appeals to one of the more perverse instincts of the human character, the fascination in viewing a death You know that old line, that you really enjoy your friends' success, but you enjoy their failure even more.

     ASIA BUZZ
Asia Buzz: Memories
Airport reunions -- Saigon's full of them
- Wednesday, July 5 2000

Asia Buzz: Gizmo Attack
Life wasn't meant to be easy
- Tuesday, July 4, 2000

Asia Buzz: Travel in Time
Hitching a ride with the Yellow Emperor
- Monday, July 3, 2000

Culture on Demand: Fashion Victims
Henna tattoos are perfect for those afraid of long commitments
- Saturday, July 1, 2000

Letter from Japan: Shock Scoop!
Election shows Japanese people don't care
- Friday, June 30, 2000

   ASIAWEEK
Intelligence
The story behind today's news from the editors of Asiaweek

From Our Correspondent
Personal perspectives on news around the region

This is the site where you get your revenge -- sort of -- on many of those pimply faced teen tycoons who got far too rich far too fast but are now facing the reality that business life is something more than a visit to an online share trading account. The New York-based website hosts a simple game where users select five companies they believe are in deep financial trouble (The message boards make for particularly amusing reading). You get points for each (real) calamity that befalls your selections; mass sackings, denial of new financing, lawsuits and, ultimately, liquidation and closure. When the point tally reaches 100, the sites enter a kind of Hall of Fame -- or infamy as the case may be -- a dubious honor indeed as the ex-staff of British site 24.7.com might agree. Or the Australian site Dvdrent.com.au, which has hung up its 'We're Closed' sign.

Now that "burn rate" has become as widely an understood term as IPO, New Economy companies are expiring all over the Net. Suddenly, liquidation has become a spectator sport. The site is the perfect vehicle for those who missed the missed the Internet gold rush? Or got to it late.

But sometimes all you can do is laugh. If you are still searching for the Next Big Thing, or your company has found its way to F***edcompany.com (know the answer yet?), I suggest you log onto BizHumor.com and fire up the Paradigm Shift Detector (PSD), which purports to work like an economic barometer.

Another product that Bizhumor is selling -- the Seminar Nap Wraps -- would be perfect in Asia. These are glasses you can strap on while held hostage at the world's most boring conference -- and Asia has several of them a day. With the Seminar Nap Wraps, you can steal 40 winks while still appearing (to the boss) to be awake. Perfect.

Eric Ellis is the Southeast Asia and Technology Editor of the regional finance portal AsiaWise.com

Ticked off at Asia Buzz? Turned on? Talk back to TIME
Write to TIME at mail@web.timeasia.com
Search for recent Asia Buzz

TIME Asia home

AsiaNow


   LATEST HEADLINES:

WASHINGTON
U.S. secretary of state says China should be 'tolerant'

MANILA
Philippine government denies Estrada's claim to presidency

ALLAHABAD
Faith, madness, magic mix at sacred Hindu festival

COLOMBO
Land mine explosion kills 11 Sri Lankan soldiers

TOKYO
Japan claims StarLink found in U.S. corn sample

BANGKOK
Thai party announces first coalition partner



TIME:

COVER: President Joseph Estrada gives in to the chanting crowds on the streets of Manila and agrees to make room for his Vice President

THAILAND: Twin teenage warriors turn themselves in to Bangkok officials

CHINA: Despite official vilification, hip Chinese dig Lamaist culture

PHOTO ESSAY: Estrada Calls Snap Election

WEB-ONLY INTERVIEW: Jimmy Lai on feeling lucky -- and why he's committed to the island state



ASIAWEEK:

COVER: The DoCoMo generation - Japan's leading mobile phone company goes global

Bandwidth Boom: Racing to wire - how underseas cable systems may yet fall short

TAIWAN: Party intrigues add to Chen Shui-bian's woes

JAPAN: Japan's ruling party crushes a rebel ì at a cost

SINGAPORE: Singaporeans need to have more babies. But success breeds selfishness


Launch CNN's Desktop Ticker and get the latest news, delivered right on your desktop!

Today on CNN

 Search

Back to the top   © 2000 Time Inc. All Rights Reserved.
Terms under which this service is provided to you.
Read our privacy guidelines.