It's too soon to assess the impact of the share price crash on the world of IT. But one thing is certain: as Internet start-ups fail, there will be a lot of skilled IT people back on the jobs market.
They will bring valuable experience to the bricks-and-mortar companies whose route to e-business has been slower and, maybe, wiser. Seasoned recruiters in the Internet world see the survivors of failed online ventures as valuable human capital.
They may have lost this battle, but they are now the veterans who can lead your firm into the next one.
And if you are one of the IT professionals who has been lured from a blue chip to a dotcom by the promise of stock options - which may now be worthless - don't despair.
You have had close contact with business managers and business decision making processes. And that is the most sought-after quality for 21st century IT decision-makers.