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Even after last week's decline, technology share prices are still far higher than other sectors.
ASIA'S Internet boom had really only just started when America's dot-com deflation sent the region's technology share prices crashing.
Still, technology share prices climbed much higher than justified by their fundamental value, and technology "has not troughed yet," he said.
The sharp slide in technology share prices has happened quickly, but analysts noted that the spring and summer quarters have traditionally been difficult months for technology stocks.
Technology share prices had crashed, Gateway's profits disintegrated, and its stock price plummeted from a high of $84 in November 1999, eventually reaching a low of $2.02 this past February.
The details, from an amended prospectus, would make Alibaba almost as valuable as Amazon and set the company on a course to top the last record technology share sale, Facebook's 2012 IPO, and Visa's $19.7bn IPO in March 2008.
Similar(46)
Other technology shares also gained.
Technology shares led the rise.
Technology shares sold off sharply.
Other technology shares rose.
The bubble in technology shares has deflated.
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