Feeds

New York amid dotcom boom

Read the report if you don't believe us

  • alert
  • submit to reddit

Application security programs and practises

Gnumeedjia luvvies in New York reckon life on the Net isn't as bad as everyone makes out and that their businesses will survive the current dotcom downturn.

According to the New York New Media Industry Survey: Climate Study, January 2001 published today, 70 per cent of new media businesses surveyed report they are "somewhat" to "very" optimistic about the new media industry in New York.

What's more, they reckon their companies will experience revenue growth in line with or significantly higher than, their expectations for their own industry as a whole.

The survey, conducted by PricewaterhouseCoopers LLP on behalf of the New York New Media Association (NYNMA), is designed to assess the state New York's new media industry.

Other gems from this altogether chirpy survey include almost two thirds of those quizzed reporting an operating profit for fiscal year 2000. Some 75 per cent expected to be profitable in fiscal year 2001. Oh, and gnumeedjia companies plan to increase employment by 41 per cent per year over the next two years.

"The unbridled growth of last year in every major technology city has ended, but this survey speaks volumes to the ongoing optimism of the industry in New York," said Alice Rodd O'Rourke, executive director of NYNMA.

Blinking heck. Either something really is stirring in the US - or there's been a mass swallowing of happy pills in Central Park. Whatever it is, we could do with it in Europe.

Earlier today El Reg cited another PwC report that claimed Europe is going titsup.com thanks to a major cash burn problem among Euro dotcoms. Ooohh eck. ®

Related Story

Europe to go titsup.com

The Power of One eBook: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.