The End of the Bubble

Message from Department Head John V. Guttag

“We find that whole communities suddenly fix their minds upon one object, and go mad in its pursuit; that millions of people become simultaneously impressed with one delusion, and run after it” — Charles Mackay, Extraordinary Popular Delusions and The Madness of Crowds, 1841

During the last years of the twentieth century, those of us working in computer science and electrical engineering enjoyed a lovely bubble. Fortunes were made in software and electronics. And, like many of our alumni, the EECS Department thrived during the bubble. Our student population grew, we entered new research fields, we pursued educational innovations, and we started construction on the Stata Center.

Stata Center construction as viewed during the EECS 100th celebration, Saturday, May 24, 2003.

Stata Center construction as viewed during the EECS 100th celebration, Saturday, May 24, 2003.

In 2000 the bubble was full-blown. It began to quiver and shake, and then it burst. How have the difficult times in the technology sector of our economy impacted EECS? Some of the news is good, some bad, and some hard to interpret.

Pages: 1 2 3 4

Leave a Reply

Replies which add to the content of this article in the EECS Newsletter are welcome. The Department reserves the right to moderate all comments. If you would like to provide any updated information please send an email to newsletter@eecs.mit.edu.