Technology Sell-Off May Bring Shakeout of Dot-Com Concerns
Sell-off of technology stocks causes anxiety across New Economy--even though many experts predict that Internet technology will continue its inexorable expansion into virtually all parts of old economy; venture capitalists, industry executives and economists say long-predicted winnowing of dot-com companies is at hand, and that no longer will term 'Internet' in business plan assure funding for start-up or quick welcome in stock market; say more sober investment environment will not slow development or spread of Internet technology across economy; say Internet is low-cost communications network that promises to curb inflation over next decade, lift productivity and enhance efficiency of business throughout economy; technology investors have no assurance that worst is over; photo; graphs (M)