Red Herring Magazine has <a href="http://straitstimes.asia1.com.sg/money/story/0,4386,175399,00.html">folded</a> (no pun intended). Yes, the oracle of dotcom arrogance is mute. Contraction continues to clear the decks of frivolous competitors for valuable resources. Keep your eyes on the horizon for that which adds real value. This for the long term of course. Today, play defense.