Four Horsemen's reign may end
Article Abstract:
The four technology titans are losing their lead over their sectors. The bellwether stocks of Nasdaq, Microsoft, Intel, Cisco Systems and Dell Computer are also losing favor on Wall Street. Their combined stock market value has dropped as a percentage of Nasdaq's value. Revenue growh n their traditional markes is slowng as the high-tech industry rapidly evolves. Many fund managers have dropped the companies from their top holdings, replacing them with faster-growing Internet and communications stocks.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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Net access firm PSINet teeters at failure's edge
Article Abstract:
PSINet, a troubled Internet access and Web-hosting firm, appears to be close to its demise after warning that its stock is worthless and that it may file for bankruptcy protection. PSINet is the latest Internet service provider to suffer from the weak economy and the crashing market for high- speed, broadband connections. It was not clear how the company's woes might affect its 20-year, cross-marketing deal with professional football's Baltimore Ravens, the reigning Super Bowl champions.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
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