“Downside’s Deathwatch is a cash-flow analysis. The death date is simply the day the company will run out of cash, based on their reported liquid assets and loss rate. When the cash runs out, something bad for stockholders has to happen.”
Good idea, though not kept updated (eg. Fatbrain has been bought by B&N).
06/05/2001 update: Survivors of the E-Commerce ‘Death Watch’.