Writing in New York Magazine, former Internet analyst Henry Blodgett explains how the Internet bust became an Internet boom. It's a bit of an "I told you so" moment for Blodgett, who explains how the Internet "has finally come of age." Any industry, he argues, naturally goes through four distinct phases -- boom, bust, growth and decay -- and the Internet industry is no different. The late 1990s were not an "embarrassment" or a "kindergarten recess run amok" -- it was a necessary period that laid the groundwork for today's current growth.