Word: nasdaq
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Dates: during 2000-2009
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...rational or not, was very real evidence of the colossal shift by investors out of "old economy" stocks--brand-name, consumer-goods companies that make catsup and cornflakes and diapers and, yes, money--into "new economy" tech wonders that offer more promise than performance, but that nevertheless propelled the NASDAQ past 5,000 last week...
...months, Jimmy Liu '01 ate his Cheerios in front of his computer in Kentucky, not wanting to miss a trade. The infinite fluctuations of numbers became his daily grind; the NASDAQ webpage his rodeo. Liu was caught up in the adrenaline rush of day trading. "There is a euphoria of everyone playing the same game together. When it starts picking up you want to be there. If you're not, you could lose or gain thousands of dollars," he says...
...took 2 1/2 months to prepare the financial and legal requirements for the Growth Enterprise Market listing. Cheng and his team had envisioned a grander debut. They wanted to be on NASDAQ from the outset. But a plea from GEM's chairman, they say, persuaded them to list locally. Timeless had secured $13 million in capital from Taipei-based angel/investor Crimson Asia Capita; the GEM listing raised an additional $58 million...
Cheng is projecting a $2.6 million profit for the fiscal year ending March 31, after cumulative losses of $7.7 million racked up during Timeless' first three years. Listing on NASDAQ has not been ruled out. To do that, however, Cheng will have to turn the heads of U.S. investors with flashier results--not just a prestigious office address...
...primarily for Indians living overseas. His 20 staff members were squeezed into a 970-sq-ft. warren in downtown Bombay. Profits were minimal. But last fall Jain hit a cosmic payday when he sold his portal company, IndiaWorld Communications, to Satyam Infoway, an Indian Internet service provider listed on NASDAQ. The $115 million deal--one of the biggest Internet transactions involving two Asian companies--gave Jain instant celebrity, a whopping bank account and a desire to leave the Internet rat race, at least for a while, to enjoy his winnings...