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The boom was a bubble and, as our Chart of the Week shows, Cisco stock fell over 70% by April and almost 90% by October of that year. But that’s not what this Chart of the Week is really about.
The Dow Jones Industrial Average, an American stock index composed of 30 large companies, has changed its components 59 times since its inception, on May 26, 1896. [1] As this is a historical listing, the names here are the full legal name of the corporation on that date, with abbreviations and punctuation according to the corporation's own usage.
Despite constant attempts by analysts and the media to complicate the basics of investing, there are only three ways a stock can create value for shareholders: Dividends. Earnings growth. Changes ...
Cisco: While remaining a dominant presence in IT hardware and services, Cisco's stock price dropped over 89% during the dot-com bubble and as of 2022 had not recovered to its peak price from early 2000. [3] Cobalt Networks: Its stock price rose over 400% on its first day of trading; acquired by Sun Microsystems for $2 billion in December 2000.
A class action lawsuit filed on April 20, 2001, accused Cisco of making misleading statements that "were relied on by purchasers of Cisco stock" and of insider trading. [195] While Cisco denied all allegations in the suit, on August 18, 2006, Cisco's liability insurers, its directors and officers paid the plaintiffs US$91.75 million to settle ...
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Scientific Atlanta, Inc. was a Georgia, United States–based manufacturer of cable television, telecommunications, and broadband equipment.Scientific Atlanta was founded in 1951 by a group of engineers from the Georgia Institute of Technology, and was purchased by Cisco Systems in 2005 for $6.9 billion after Cisco received antitrust clearance for the purchase.