Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: John F. Dowd who wrote (166756)	6/21/2002 11:54:10 AM
From: tcmay	Read Replies (1) \| Respond to of 186894

"Amy: As I remember it, the crash started in earnest on the 1st day of trading after Labor Day 2000. The fall was relentless. I don't remember many if any days that were up in the NAZ that month. It was mind boggling. Well there were up days but it was always from lower lows to lower highs.NAZ lost 600 points in that month. Found the info on Big Charts. " Depends on which crash. The big drop in Intel from its all-time highs to half of that took place from late August to late September, 2000, as you mention. But things were already crashing in other subsectors of the high tech market. The bubble was bursting. Flaky business plans like boo.com and fogdog.com were already disintegrating, and MicroStrategy had had a very well-publicized crash in Feb-March of 2000. It crashed from more than $250 to $2-3 in a matter of days. It's now trading at $0.72. A friend of mine participated in the Bubble in a big way. On the opening day of trade in a software company, his paper holdings were worth $750 million. Today, less than $2 million, and trending down. This bubble peaked in late 1999 and burst in early 2000. Ditto for the collapse in Qualcomm and most of the Blodget Era stocks. So, I'd say Intel was a lagging indicator. Sales were still reasonably strong as the "tails" of these Internet dinosaurs kept on buying computers even as their "heads" were dying. --Tim May