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Some $8.81 billion in value has vanished.
The technology-heavy Nasdaq composite posted its 12th loss in the last 14 sessions, a period during which 16percentt of its value has vanished.
In one telecom arena that Mr. Grubman dominated, among the so-called competitive local exchange carriers, some $140 billion in stock market value has vanished -- 95percentt of the cash raised.
BLOOMBERG NEWS Exchange Mergers Disappointnt | After pairs of stock exchanges tried to complete mergers last year, more than $37 billion worth of announced deals still have not happened, and more than $21 billion of equity value has vanished, Bloomberg News reports.
Some $1 trillion in value has vanished in telecom alone, a number so big that few investors are unscathed.
Over $1 trillion in market value has vanished since March 2000, more than in any other sector.
Similar(54)
A technology manager with a shining reputation in 1999 may have found that by 2002, 90% of his fund value had vanished.
Enron's death watch began last month when it grudgingly disclosed that $1.2 billion of its market value had vanished as a result of "related-party" transactions with private partnerships that enriched company insiders.
Enron disclosed earlier this month that $1.2 billion in market value had vanished as a result of a controversial deal it entered into with private partnerships run by its chief financial officer, Andrew Fastow.
The Administration has consistently dragged its feet on the issue of principal writedowns -- reducing that nearly one trillion dollars in loan amounts due for real estate value that has vanished.
In the meantime, perhaps one-third of the value of university endowments has vanished in the recent financial market collapse.
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