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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 notalways broad. In fact, Broadview's chair and CEO has veryspecific thoughts on how the sector can improve, and heshould know. Broadview specializes in inthe high-tech field, and they also have their own venture capitalfund. But not everybody has wanted to hear Deninger's advice.Three years ago, at a European Technology Roundtable conference, hewas nearly booed off the stage when he warned Internetentrepreneurs that the bubble could soon burst. It did, ofcourse-but worse is yet to come, according to Deninger.

So if you were king for aday?

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