Remember the high-tech bubble of the late 1990s, when dot.com and networking company stocks rose by leaps and bounds, sometimes doubling and tripling in a single trading-day?
With the bubble busting in the early 2000, these days are gone. Some of these companies went bankrupt, while others stay very close to earth like fallen angels. Recently, however, a number of these companies have been rising in price, as they reported better than expected results. Cisco Systems (CSCO), Ciena Corp. (CIEN), JDS Uniphase (JDSU), Alcatel-Lucent (ALU) and Ariba Inc. (ARBA), for instance, they all reported better than expected results, and their stocks have been edging higher.
Read the full article here.
The dot com bubble was even more amazing than the real estate bubble.
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