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The number of Internet companies going titsup.com continues to fall, according to the latest stats from the US.

Webmergers.com - a California-based research outfit which monitors the health of dotcoms that have received significant funding - found that the number of closures and bankruptcies in the first three months of the year were down two thirds compared to the same quarter last year.

In total, 54 companies turned up their toes in Q1 2002 compared with 164 dotcom deaths in Q1 2001.

Those outfits hit were spread evenly among infrastructure, ecommerce and content companies.

The last time the number of dotcom failures was so low was back in summer 2000.

According to Webmergers, the number of dotcoms throwing in the towel has declined steadily since they peaked in May last year.

Those behind the research predict that failure rates will level off during 2002 before declining still further.

Which all means that, according to the number crunchers, some 823 funded dotcoms have gone tits up since January 2000. ®

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