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[sharechat] Tech stocks demise


From: "james wiseman" <jlmwiseman@hotmail.com>
Date: Thu, 25 May 2000 05:41:40 NZST


The news overseas re tech stocks has not been good at all (despite 
occasional 'dead cat' bounces). Across the Tasman, ComVergent has announced 
overnight that it is shelving plans to list on the ASX. Vodafone, which had 
intended a partial float, may have to reconsider plans since its company 
valuation took a downhill slide over the last few days. Here in NZ, we have 
seen the likes of ADV, EVZ, ITC etc all heading steadily south and at this 
point of writing, the Nasdaq is down by another 3%. All in all, very 
depressing news to wake up to!
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