The government’s $700 bailout of Wall Street, signed into law Friday after weeks of contentious debate, clearly isn’t the panacea for which tech investors, and investors in general, had hoped. Technology stocks stumbled at the opening bell Monday and then fell flat on their faces as investors succumbed once again to the market malaise. The Nasdaq fell 5.4 percent to trade at 1843.04, dragged down by the declining valuations of Microsoft (MSFT), Apple (AAPL), Yahoo (YHOO), eBay (EBAY) and others. And Google (GOOG), at $366.73, is fast approaching a new 52-week low. Looks like we’re in for another bloodbath.
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size. 11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
The government’s $700 bailout of Wall Street, signed into law Friday after weeks of contentious debate, clearly isn’t the panacea for which tech investors, and investors in general, had hoped. Technology stocks stumbled at the opening bell Monday and then fell flat on their faces as investors succumbed once again to the market malaise. The Nasdaq fell 5.4 percent to trade at 1843.04, dragged down by the declining valuations of Microsoft (MSFT), Apple (AAPL), Yahoo (YHOO), eBay (EBAY) and others. And Google (GOOG), at $366.73, is fast approaching a new 52-week low. Looks like we’re in for another bloodbath.
