John Lynch knows just how cruel this Nuked Economy can be. His company, Asset Recovery Center Inc., reclaims millions of dollars of computers and telecom gear from busted dot-coms and failed phone companies. With a firsthand view of what can go wrong, he has a new policy when brokering the equipment to other buyers, many of them struggling technology companies themselves: He doesn't send bills and he doesn't take checks. What is good? Wire transfers, cash on delivery, or credit card only. He will even take a personal credit card. "Anything to do with the communications business, that's the way they have to do it," says Mr. Lynch, whose company is based in a 40,000 square-foot warehouse Eatontown, NJ.
Mr. Lynch, who has spent months picking through the abandoned equipment, still shakes his head at the infrastructure many of the failed companies built. Meanwhile, he takes pride in the fact that he runs his firm with just five full-time employees. "I'm not afraid to get on the forklift and move things," he says. And all the companies he is dismantling? "They should never have had 1,000 employees to begin with."