Interactive TV may have fallen out of favor in the cable industry, but it’s taken an even greater hit on Wall Street. The remaining ITV players are on the rebound in 2003, but a look back at the pre-bubble valuations for the sector provides perspective at the severity of the tumble. A group of seven ITV specialists (of which only four remain, including WorldGate) posted a combined market cap of more than $74.4 bil. at their all-time highs in late 1999 and early 2000. As of Sept. 17, the quartet combined for a market value of just over $3 bil.

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Pendulums Break

Commentary by Steve Effros In my last column I focused on the circular nature of the thinking surrounding telecom business plans. We go “round and round again” on such ideas as linear video broadcast

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