TraderDaily.com
Tech Two?
Nearly a decade after the turn-of-the-millennium technology-stock meltdown, that familiar exuberance is in the air.
by Mike Martin
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THEN
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NOW
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| 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 | |