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I also make sure that I have a version online That has links to my Internet work and snapshots of my intranet work. That way when I leave that can take some more time thinking about my designs.
I also create cd roms to give employers/clients. They come in handy if you get access to a projector during a meeting. It also lets you not have to count on an Internet connection.
I have found that the print portfolio goes over very well. It allows people to pass around work in a more meeting environment. It is more comfortable than crowding around a computer.
The intranet issue isn't one I've had to deal with... but the alternate is sites that go dead, or get overhauled by someone else after you build them. I keep backups of all my HTML & image source files, so I can put a "duplicate" site up on my portfolio site if need be. (And someday, if I ever update my portfolio site, that's exactly what I'll do... heheh)