Exact(5)
During the mania for technology shares, investors clamored for new stock offerings, because prices typically surged the moment trading began.
We don't have the Nokias of the world, and there is a mania for technology and telecom stocks.
Mr. Robertson may have been bloodied by the mania for technology stocks and shares of unprofitable Internet companies.
But in the mania for technology stocks that took hold in late 1998, the cheery reports from analysts increasingly helped to draw lucrative investment banking deals to their firms, bolstering researchers' pay significantly.
AT&T's convergence project, Lightspeed, for example, is not being driven by a mania for technology for the sake of it, says Mr Alwan, but "because there's a serious threat to voice revenues from triple-play bundles from cable companies".Special report Your television is ringing All things to all men The end of the line Home and away Tuning in to the future?
Similar(55)
When the company went public in 1965, it and Mr. Steinberg became darlings on Wall Street, which was then in the throes of a stock market mania similar to the recent passion for technology stocks.
That investigation is focusing on whether investment banks fueled the mania for new technology stocks by demanding that big investors agree to buy more shares at higher prices in the days after an initial public offering.
IPO shares became a compelling draw in an era when a mania for unproven technology companies led to a situation where share prices of newly public companies often doubled or tripled in the first day of trading.
The last go-round, of course, was a broad stock market mania for Internet and technology stocks and initial public offerings.
RANCO MODIGLIANI says that the current mania for Internet and other technology stocks is not irrational.
The Nasdaq, which trounced both the Standard & Poor's 500 and the Dow Jones industrial average, benefited greatly from the mania for initial public offerings of technology stocks.
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