Word: ipos
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Dates: during 2000-2000
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...phase of optical networking have become hot stocks. Component makers, such as JDS Uniphase and Corning, and system designers, such as Juniper and Ciena, are each up more than 50% this year. Last Friday, despite a vicious market sell-off, Corvis, an optical-equipment maker, launched its IPO at $36; it closed at $85. Corvis has no revenue and three corporate customers. High-end router-and-switcher company Avici launched...
...change hands at the click of a mouse. I stand by my assertion that one day most mutual funds will do the same. They'll be priced throughout the day--not merely at the close--and traders will shoot in and out of them as they would an overhyped IPO...
...even the truest of new-economy true believers, bloody April--during which the NASDAQ fell 25.3% and the IPO window slammed shut--has given way to a Summer of Discontent. While most of the big names have recovered a bit from their April depths, they are still down for the year: Yahoo, off 50%; CMGI, down 70%; Priceline.com off 57%. Just last Friday, amid renewed analyst concerns about disappointing revenues, Amazon.com dropped 19% more to close at $34, off 70% from its December high. Amazon laid off 150 workers in January, Oxygen Media fired 15, and AltaVista sacked...
...full flush of the revolution, Hollywood ponied up $100 million for Reel.com Now, with the site's IPO canceled because of lack of interest and venture capital running dry, its e-commerce operations were halted. That left Thorsen's 32,000 shares worthless. "I used to think about buying a house and paying off my student loans," he says. "Now I'm thinking about unemployment...
...avoid ending up in Kaplan's extensive archives that the digital workforce has started to act in a new and strangely sensible manner. When he got bored in his last job, software engineer Jason Fisher went to a headhunter and arranged interviews with 10 small, good-looking pre-IPO companies. Each made him a higher offer than the one before, and yet Fisher chose the company--myplay.com which copies and stores your CDs online--that made him the lowest offer. In fact, it was a pay cut. Why? "I didn't want to go anywhere that I didn't feel...