A year ago, buyout firms -- envious of the
outsize returns made by venture capitalists in
hot-coms -- nearly abandoned their traditional
ways. Like many overexcited individual
investors, they began pouring money into tech
and telecom, only to suffer steep losses.
it is back to the future....
fire sale in the Old Economy seems to be gaining
favor among financial buyers.
will be "a return of interest to Old
Economy companies and companies that have cash
flow," says Tom Shattan, co-founder of
Shattan Group, a New York investment banking