State News

Charlotte business leaders talk about 'nuclear winter' impact of economy

Posted December 18, 2008 4:02 a.m. EST
Updated December 18, 2008 8:17 a.m. EST

— Business leaders in Charlotte are meeting over lunch to talk about the recession's impact on the technology industry.

The underlying concern behind Thursday's discussions at the Marriott Charlotte City Center is whether technology is facing another deep freeze similar to the days of the dot-com bust.

The North Carolina Technology Association is putting on the "nuclear winter" discussion.

The main issue is whether the financial crisis and closed-off credit markets risk hurting stockholder-owned companies trying to grow, or those considering going public.

The groups hosting the event include the New York Stock Exchange and the Charlotte Chamber of Commerce.

The NYSE's managing director for initial public offerings, Carolyn Saacke, is the lunchtime speaker.