Two years after disappearing from the newsstands, Red Herring, the technology venture capitalists' bible that coined the phrase "internet bubble", has sprung back to life with ambitious plans for a new weekly magazine. At 54 pages, the preview issue is considerably lighter than the June 2000 edition, which weighed in at 750 pages, reflecting these more sober times for the technology industry.

Alex Vieux, Red Herring's new owner and one of Silicon Valley's fastest-talking salesmen, promises readers a distinctive product in his publisher's note and extols the virtues of entrepreneurs from California to Shanghai. In between articles on technology investing in southern California and the growth of the Linux operating system, Vieux's sales team has crammed in 22 pages of adverts. Let's hope it's not a leading indicator that tech stocks are about to tank again.