High-Tech News in the Washington Region: Analysis of Washtech.com's Newsletter

Strategic Insights -

High-tech industries in the Washington region are in the spotlight as major companies like EarthLink, MicroStrategy, and EPlus make significant moves. The latest news from Washtech.com's newsletter reveals efforts to bridge the digital divide, investments in infrastructure, and government initiatives. While some companies face challenges, others are thriving, indicating a dynamic and competitive tech landscape.

Key Takeaways:

  • EarthLink Inc. acquired OneMain.com for $308 million, expanding its operations in the Washington suburbs.
  • MicroStrategy Inc.'s stock price surged on speculation about new financing, reaching $41.25 after a recent SEC investigation.
  • EPlus Inc. reported a 74% increase in fourth-quarter 2000 revenues and more than doubled Wall Street's expectations.
  • The federal government owns seven of the top 10 fastest computers in the world, highlighting its commitment to cutting-edge technology.
  • The Department of Energy and other federal agencies are investing in infrastructure, enabling them to stay ahead in the tech race.
  • Some companies, like Talk.com, faced a 19% drop in share price due to analyst downgrades and changed market conditions.
  • The tech industry is pushing for increased H-1B visa availability to address the shortage of skilled workers.
  • Washington-based companies are making strategic partnerships to enhance their offerings, such as Circuit City and Deja.com's content agreement.

Statistics:

  • Seven of the top 10 fastest computers in the world are owned by the federal government.
  • $308 million: The value of EarthLink Inc.'s acquisition of OneMain.com.
  • 74%: Increase in EPlus Inc.'s fourth-quarter 2000 revenues.
  • $41.25: MicroStrategy Inc.'s stock price after a recent SEC investigation.
  • $41.25 - $3.62 (9.6% spike): MicroStrategy Inc.'s share price increase during heavy trading.
  • 17,000: The number of organizations, companies, unions, and lobby firms registered with the LobbyPro database.
  • $6 million: The amount of funding raised by MarketResearch.com in its first round of private financing.
  • 2,000: The number of publications available on Newsletters.com's Web site.

Sources:

  • Washtech.com's newsletter, June 8, 2000
  • MarketResearch.com statement, June 8, 2000
  • LobbyPro database, Netivation.com
  • Newsletters.com announcement, June 8, 2000