IP: The Dot-Com crash in capsule -- the fall of MicroStrategy (fwd)

Eugene Leitl Eugene.Leitl@lrz.uni-muenchen.de
Mon, 7 Jan 2002 15:02:47 +0100 (MET)


-- Eugen* Leitl <a href="http://leitl.org">leitl</a>
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---------- Forwarded message ----------
Date: Sun, 06 Jan 2002 13:44:27 -0500
From: David Farber <dave@farber.net>
Reply-To: farber@cis.upenn.edu
To: ip-sub-1@majordomo.pobox.com
Subject: IP: The Dot-Com crash in capsule -- the fall of MicroStrategy


>
>http://www.washingtonpost.com/wp-dyn/articles/A2889-2002Jan5.html

First of four articles

There were times, when it was all going right, when Michael Saylor would
stare out the huge oval windows of his leased Gulfstream jet and fixate on
the Rocky Mountains passing below him. He would marvel at how he was
covering more territory in five minutes than the western settlers covered
by wagon over several months.

This was back in 2000, at the height of the Internet age. In a few Nasdaq
months, Saylor's newly public firm, MicroStrategy Inc., had gained a stock
value that exceeded the total worth of his former employer, the venerable
DuPont Co.,198 years old. In a few Nasdaq seconds, Saylor could amass more
wealth than his father had in his 30-year Air Force career.

<snip>

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