He remains convinced that the surviving Internet companies will rebound.
Further to the west, around Route 128 and Route 495, cluster software companies, telecoms-equipment makers, data-storage firms (including EMC) and even the odd surviving Internet company, such as Monster, which runs a jobs board.
Just when it seemed that lamentations of the dot-com meltdown had finally faded, an assistant business professor and a surviving Internet executive have opened an academic mausoleum for the official blueprints that started 1,000 ill-fated Internet businesses.
Pearl M. Kamer, chief economist at the Long Island Association, the area's largest business group, still cautioned that the benefits could be short-lived as surviving Internet companies gain strength.
Standing in the foyer of an MIT lecture theatre, waiting to enter a discussion about how to survive internet fame, he was approached by two girls who held out their clenched hands towards him.
KARA_SWISHER: Actually, today, stock prices of surviving Internet companies such as Yahoo, Amazon and eBay are robust.
Of the nine surviving Internet funds, Cook's is the largest (Class A share assets: $296 million) and one of the oldest.
It is quite one thing for Yahoo or eBay, which have survived an Internet boom-and-bust cycle, to have a high P/E ratio and another for the Chinese Internet portals, said Mark Sellers, who has advised against investing in the Chinese portals as an equity strategist at Morningstar Inc. "They are so expensive, and it's hard to tell whether they will be around in 10 or 15 years," Mr. Sellers said.
Another is the persistence of the independent booksellers that in London, unlike New York, have miraculously survived the Internet.
