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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (13713)8/28/2025 4:00:33 PM
From: Broken_Clock1 Recommendation

Recommended By
Maple MAGA

  Read Replies (2) | Respond to of 13770
 
On of the JDSU honchos was selling stock all the way up in the 90's and bought a bunch of oceanfront and other properties here in Hawaii. As you said in another recent post, 'trying not to be eaten'.

Dog eat dog world. Many Wall st. crooks end up here in Hawaii after running off with the cash.



To: Maurice Winn who wrote (13713)8/29/2025 1:30:52 AM
From: elmatador  Respond to of 13770
 
"...very intelligent people who have been accustomed to being the smartest person they know. Throw in some ego and the trap is set. Having three of four wins in share trading and they start to believe they have the special magic touch"

Need to add that everybody was doing it. That boost confidence.
The crowds didn't know the inside of the tech sector then. By 1997 I was telling people that digitalization on its infancy was flushing people out of the Old Skool Big Tech: Most of them telecom companies and their vendors in the US, Europe and Japan.

The sacked were highly experience engineers and managers that left and started building their own companies at a time the US and Europe were was just out of the Cold War and was freeing military technologies to the civil sector.
Satellites, Mobile, communications high advance radio technologies for microwave.
These sacked specialists knew the possibilities of what they were building and built companies so that when Old Skool Big Tech woke up they will rake in the cash.
That was important pillar of the Tech Bubble

Advanced Fiber Communications (see below) was a company funded in 1992 and by 1998 was hellbent in being acquired by the big boys, Lucent, Ericsson, Nokia...
The Managing Director -whom I met in Petaluma Ca, in 1997- wanted to sail the world after making herself rich.

Advanced Fiber Communications offers telecommunication access systems and services.
It is a digital loop carrier enabling the connection between the central office switches of telecommunications service providers and their end users for voice and Internet, data, and video communications.
The company's products provide telecom capabilities to phone companies with low- to medium-density subscriber concentrations.
The products are sold directly to telephone companies. It was founded in 1992 and is based in Petaluma, California. In May 2004, Advanced Fiber Communications was acquired by Tellabs