How Wall Street's mess will hurt high tech

Troubles at two major Wall Street securities firms Monday will have ripple effects that could stifle mergers and acquisitions in the technology industry and further dampen the market for initial public offerings. Or so say financial pundits who are examining the potential fallout of Lehman Brothers' bankruptcy and the $50 billion sale of Merrill Lynch to Bank of America in order to avoid its own financial crisis. Venture capital and finance experts compared the news to the late 1990s when the Big Eight accounting firms shrunk to the Big Four. Consolidation and financial uncertainty at the nation's largest securities firms will close some doors to tech companies aiming to go public, slow the process for M&A deals, and generally add more worry lines to tech investing.