Friedman's predictions continued. The year 2001 will bring"revenue, but not profit," he said. "In the next 90 to 100 days,most of these companies will be gone. 2002 is where we'll turn thecorner. The shakeout will be done."
Metin Negrin, CEO of iscraper also commented on shakeout in anearlier panel. "We're hearing a lot of noise," he noted. Hepredicted the market would "clean out the noise."
Catherine Rice, managing director for Banc of America, remarkedin the first panel of the day, "The last six months have been verypainful, but I think healthy."
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