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Tech Two?

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Tech Two?

Nearly a decade after the turn-of-the-­millennium technology-stock meltdown, that familiar exuberance is in the air.

by Mike Martin









THEN
NOW
10 Vital Plays
CMGI, ICGE, VERT, AKAM, BCOM, LU, JDSU, QCOM, SEBL, WCOM AAPL, RIMM, BIDU, GOOG, VMW, GRMN, FSLR, GME, GS, ICE
Swollen Stock
QCOM $650 GOOG $680
Plaything Perils
eToys crashes like Santa on a balsa sleigh, filing for bank­ruptcy after Street analysts reveal dismal 2000 holiday-season orders Mattel shares sink nearly 25 percent after authorities reveal children are likely ­better off eating paint chips for breakfast than ­playing with Chinese-made gewgaws
Seer Status
Oracle (of Redwood City) at $50; Oracle (of Omaha) at $50,000 Oracle (of Redwood City) at $20; Oracle (of Omaha) at $140,000
Marvelous Gadgets of Wonder
iPod birthed; Steve Jobs’s vision of putting “1,000 songs in your pocket” blows minds Even your granny’s toaster oven holds 20,000 songs, plays DVDs and uploads to YouTube videos of her swearing after burning dinner
Nightmare Scenarios
Purported Y2K debacle far less perilous than anyone envisioned All-too-real CDO debacle far more perilous than anyone envisioned
Online brokerages
E-Trade advertises it has clients “with money coming out the wazoo” E-Trade shareholders, whatever their stake in the brokerage, get spanked on the wazoo thanks to a series of ill-advised loans
Boorish Loudmouths
Broadcast.com’s Mark Cuban ­elegantly pirouettes around the market ­collapse by selling to Yahoo for stock; swiftly eliminates downside risk via elaborate hedge Cuban clumsily (and sleevelessly) mambos with Kym Johnson on Dan­cing With the Stars; swiftly elimi­nated from competition


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