Same here in DC Walt. Death of the dot coms has hit all high tech companies. Viable companies have been hit in the belt, even though they had good products. Their stock became over inflated and as a result we are seeing the layoffs all over. Many dot coms have shut their doors. The dot coms, were fueled by the day traders. Most didn't have a viable product. Some died in Beta, some in release 1, some on the white board.
I don't anticipate recovery for a year. I have worked in high tech since 88. This is pretty bad. Look for other sectors to respond first. Look for an increasse in consulting (independant) at lower hourly rates, as a result of layoffs. Look for more start ups in other areas....like ours.
I know of one DBA who went out on his own to consult, and is thinking about pressure washing.
Beth