will be.") and expand operations. Razorfish, along with other New York-based Web design companies, formed the core of a cluster of New Media companies known as Silicon Alley. In 1997, the company generated over $3.6 million in revenues, with a healthy portfolio of prestigious clients like KPMG and Charles Schwab. In January 1998, Razorfish made its first of what was to be many acquisitions, by purchasing Avalanche Systems. In 1998, Razorfish also acquired Plastic in San Francisco, London-based CHBi, Los Angeles-based <tag> media, and then merged with Scandinavian interactive leader, Spray, which had offices in Sweden, Finland, Norway and Germany. The company generated over $83 million in revenue in 1998 and was profitable, putting it on solid ground for an IPO. The company had over 1,100 employees at the time. In April 1999, the company had an IPO which raised $48 million at $16 per share. In fall 1999, Razorfish acquired International Integration, Inc. (I-Cube), a Boston-based company founded by Yannis Doganis, Madhav Anand, and Edouard (Eddie) Aslanian, its largest deal to date. The company's sales for 1999 topped $170 million. In May 2000, Razorfish announced the launch of Intervision-Razorfish, a joint venture based in Tokyo. Around the same time, as the entire industry started to feel the effects of the dot-com bubble, Razorfish saw Q4 revenues of $50.1m, a 5% drop from the year before. Total revenues for 2000 were almost $268 million. In February 2001, Razorfish laid off 400 employees, roughly 20 percent of its staff, with its stock price decreasing from a $57 high in February 2000 to just $1 per share. 60 Minutes II interview In February 2000, Craig Kanarick and Jeff Dachis were interviewed by Bob Simon on 60 Minutes II, where they appeared unable to answer the question, "What do you do?". The interview was widely viewed as a complete disaster. Acquisition by SBI Razorfish was taken private by SBI Group (formerly SBI and Company) in 2003 and was renamed to SBI.Razorfish. SBI also purchased other assets from "The Fast Five," including Scient, iXL, MarchFirst (formerly USWeb and CKS Group), Emerald Solutions, Lante, and Xcelerate. Acquisition by aQuantive The company was renamed again, this time as Avenue A | Razorfish when the SBI.Razorfish division of the SBI Group (formerly SBI and Company) was acquired by aQuantive in 2004. The Avenue A | Razorfish combination in 2004 resulted in an interactive agency that according to