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this post was submitted on 06 May 2024
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What did Cisco do back then? Aren't they still one of the biggest network equipment manufacturers?
Stock value has no relationship with the actual value of a company.
If you have like 3 hours, Bobby Broccoli's 2 part documentary on Nortel does kinda go into the absolute madness that telecoms were back then. It was a race to buy up every last little startup with the biggest amounts of money. Dude claims that his new startup does some miraculous thing that it doesn't really do, doesn't matter, here's a bunch of money. Once they kinda faltered and didn't meet dividend projections by like a cent or two the bubble burst for them.