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The New Economy That Never Was
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| Fri Apr 06, 2001 | 9:59P| PermaLink |
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"Last March the Nasdaq skyrocketed above 5,000 points to reach its highest valuation ever. Everybody appeared to be cashing in and people just couldn't stop talking about their burgeoning stock portfolios. The technology sector was on fire and IPOs were red hot.
To most people, it was inconceivable that the dot-com bubble was just about to burst. But in the last year, the Nasdaq has sunk below 2,000, losing more than 60 percent of its value. A lot of the high-profile companies that appeared unstoppable not so long ago are now nothing but a fading memory."
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FULL STORY @
OSOPINION
(http://www..com/perl/story/8388.html Descriptive)
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