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The Lowdown

This expert says tech has to get even worse before it can start getting better.

This story appears in the March 2003 issue of Entrepreneur. Subscribe »

The Waltham, Massachusetts, investment bank is called Broadview, but Paul Deninger's thoughts on the high-tech market are not always broad. In fact, Broadview's chair and CEO has very specific thoughts on how the technology sector can improve, and he should know. Broadview specializes in mergers and acquisitions in the high-tech field, and they also have their own venture capital fund. But not everybody has wanted to hear Deninger's advice. Three years ago, at a European Technology Roundtable conference, he was nearly booed off the stage when he warned Internet entrepreneurs that the bubble could soon burst. It did, of course-but worse is yet to come, according to Deninger.

So if you were king for a day?

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