Internet watch 3-01

PI: Why will you be one of the few dotcoms to survive the shakeout?

Bastin: Many of dotcoms were run by 20-years-olds who didn't have a real business model. Others were in industries where there was an 800-pound gorilla that could enter the market and really undercut them.

Take a look at the chemical industry. A huge chemical company can come into the market, create its own consortium and do it better than the dotcom. We don't have an 800-pound gorilla in this space.