Don't let your sinking dotcom customers take you down with them.
Heard about the latest dotcom company to bite the dust? Your interest in that question likely will be affected by whether you have dotcoms on your customer list and how much of your receivables these high-risk operations are responsible for.
Of course, when a customer is in financial trouble, it doesn't matter much whether it's a dotcom or any other type of company. It's just that your chances of taking a hit are greater these days when you're dealing with dotcoms. "The technology area is going to be up and down for the next several years, and these are very risky customers," says Warren E. Agin, an attorney with Swiggart & Agin LLC in Boston and author of Bankruptcy and Secured Lending in Cyberspace (Bowne & Co.).
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