ZDNet is running a story on the tech crash we've seen in the last months.
Ultimately, they say, the late 1990s Internet bubble will go down as a period of temporary insanity--an international giddiness no different from the Dutch tulip craze of the 17th century, when gullible investors paid $300 for a single bulb. And those who profited from the Internet bubble may largely be remembered as deft con artists or lucky fools.With the Nasdaq hovering just above 2000, one has to wonder just where the bottom is.
According to the preliminary results of a survey conducted in November by iQuantic, 50 percent of the option grants at 85 percent of companies are worthless because the stocks are trading below below their strike price--typically the closing share price on the day the options were issued. With the Nasdaq in a free fall, most options granted since last year are deeply underwater.
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