How scary was the internet bubble back then?
1. Yahoo: In 2000, P/E ratio of 700x, stock price $237, dropped to $4.5 by end of 2002, a decline of 98%.
2. Cisco: In 1999, P/E ratio of 220x, stock price $80, dropped to $10 in 2002, a decline of 87%.
3. Broadcom: In 1999, P/E ratio of 280x, stock price $184, dropped to $16 in 2002, a decline of 91%.
4. America Online: In 1999, P/E ratio negative (loss), stock price $97, dropped to $2 in 2002, a decline of 94%.
5. Sina: In 2000, P/E ratio negative (loss), stock price $68, dropped to $0.8 in 2002, a decline of 98%.
6. NetEase: In 1999, P/E ratio negative (loss), stock price $47, dropped to $0.52 in 2001, a decline of 98%.
7. Sohu: In 1999, P/E ratio negative (loss), stock price $22, dropped to $0.6 in 2001, a decline of 97%.
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