Posts
Likes Received1999 Q4–2000 Q1: The peak of the internet bubble
At that time, global telecom operators (like AT&T, Sprint, Qwest, Global Crossing, WorldCom) massively deployed fiber optic networks, with capital expenditure growth exceeding 40–60%. Cisco's order backlog reached a historical high.
On March 27, 2000, Cisco's market capitalization peaked at $555 billion, surpassing Microsoft to become the world's number one.
Cisco CEO John Chambers said: "The internet will change everything, and growth can be sustained for 30 years."
— Excerpt from Xueqiu
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
