Abstract
The explosion of interest in electronic commerce stemming from commercial use of the Internet triggered high expectations, and accompanying high stock market value for public companies specializing in the delivery of products and services through this channel. However, the boom in the market value of these socalled "dot com" companies appears to be over. This paper examines the factors underlying the fall off in the value of "dot com" companies, focusing on the manner in which fundamental business principles were violated by these firms. In addition, it explores the manner in which business-to-business and business-to-consumer e-commerce can be expected to evolve even though the "dot com" boom is over.
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