With all of the fear in the global economy over the credit markets and sub-prime lending, I found it slightly ironic when I opened a letter last week with the epilogue of the last bubble to burst – the dotcom implosion of 2001.

Alexus, a company that provided Applicant Tracking software, declared bankruptcy in 2004, and now it looks like all of the people and companies to whom they owed money will be paid only three cents on the dollar.

It's always ugly when a company fails.  The bankruptcy attorneys, of course, will be paid in full for their services.