Microsoft's slump brought not only Microsoft's troubles, but also all network technology concept stocks, including Cisco and 51 search, collapsed with Microsoft's collapse.
Some stocks collapsed worse than Microsoft.
In this wave of network technology stocks bubble, it has mixed into a large number of pure junk network enterprises. After all, the Internet Technology Valley of the United States is crazy, even if it is a website that claims that housewives can converge to the Internet to do odd jobs. They can instantly get millions of dollars in investment, and then the stock price rises to the level of tens of millions.
When the bubble prevails, these stocks are like fish in water.
But when the bubble is broken, these stocks are not as good as rubbish.
One of the worst stocks triggered 16 circuit breakers in one day. The share price has fallen to less than $0.20, and the president of the company has been unable to contact anyone.
There are countless stocks in the United States.
Not only are junk stocks so miserable, but Cisco is actually quite powerful in technology, and various product lines are very rich. Enterprises that will affect every move of the industry in the next 20 years have also ushered in six fuses, one more than Microsoft.
Intel is better. There are four fuses.
51 search is full of seven fuses, worse than Cisco.
At the close of Monday afternoon, the whole stock market was crying.
Finally, according to statistics, in this day's time, the network technology sector of the whole US stock market evaporated $980 billion in one breath, almost catching up with $trillion.
On Monday night, green Spang, who has been chairman of the Federal Reserve for 13 years since he took office in 1987, convened many securities companies and institutions into a club. After a heated debate and meeting, we finally reached a certain consensus.
That is the bubble can be broken, but not now, to give everyone the opportunity to escape, now we must unite, to stabilize the stock market.
So when the market opened on Tuesday, all investors were relieved that Microsoft's share price rose slightly, and a large number of empty orders in the market seemed to be withdrawn, and Microsoft's bad situation stabilized.
But it only stabilized for a little while
Although Greenspan has stabilized American institutions with his personal charm and authority, his charm and authority are only temporary. Compared with huge economic benefits, he is not even a fart.
Therefore, although it is stable now, any disturbance may lead to the market collapse again.
On the other hand, however, green Spang did try his best to stabilize the market. Therefore, the slogan and comments of value investment began to spread throughout the stock market.
This slogan is that we can't retaliate to chase up and kill down. We should understand that the actual value of many network enterprises is the most important.
Investors should not blindly and panic to sell stocks, but to find out the value of each enterprise.
For example, Microsoft, although the financial report in the second quarter of this year has not been released, the materials in the first quarter are very good, making a full profit of more than $8 billion.
The situation of Microsoft in the second quarter should be better, because they got the whole game channel market. This time, they should have a profit of more than $10 billion, and the total profit in a year will exceed $20 billion.
Well, although I don't know how to calculate the total profit of $40 billion, according to the lowest P / E ratio of 10, the total market value of Microsoft is at least $400 billion. Microsoft is really worth this market value.
Now, Microsoft's share price is just over $400 billion.
Now, in order to retaliate, we have sold Microsoft's shares at a low price. In the future, Microsoft's shares will return to the highland of value investment, so we will lose a lot.
I have to say that these remarks are still very charming, so the stock market is really stable. Although it still looks shaky, it seems to be really stable.
On the Microsoft side, it also began to make a statement, saying that Microsoft is making continuous efforts in the game market and mobile phone market. In the future, Microsoft's territory will expand infinitely. Anyway, it is trying hard to draw cakes for everyone, but some people do like it.
Anyway, everything seemed to stop and everything seemed to be better until someone suddenly broke the news on the Internet that Bill Gates had sold 15% of his shares, and the despicable bastard had fled ahead of time.
The big news is that the stock market in the 51 post bar has a grumpy brother who directly posted the stock trading records of Bill Gates's charity foundation.
He said that in just one month, Bill Gates has sold up to 15% of his shares. Even on Monday, Bill Gates sold 0.25% of his shares.
This post angrily said that Bill Gates played the national investors as monkeys. He used his own means to pull up the share price of Microsoft, and then sold the shares with charitable funds to make crazy money.
Bill Gates sold 15% of his shares and made a full $90 billion in cash for Bill Gates. These cash were nominally in Bill Gates' charitable foundation, but in fact they were enjoyed by Bill Gates himself.
The grumpy brother also posted another evidence, that is, the first month's administrative expenses announced by the charity foundation were as high as $5 million.
However, the fund actually used for charitable projects is only less than $2 million.
Even so, in the detailed administrative expenses announced by the foundation, there was a strange transaction, that is, the foundation actually bought 1000 ergonomic chairs, and the price of each ergonomic drink was as high as $990, which together was a huge expense of $900000.
In addition, there are many interesting places in these lists. These lists are published by the foundation and can be directly consulted by everyone. There is no falsity.
As soon as the news was released, Bill Gates and Microsoft exploded in an instant. Everyone was madly scolding Bill Gates and scolding them silly.
One might wonder how Bill Gates could do such a stupid thing and make such a stupid mistake on the public list.
This really can't blame Bill Gates, because although the management method of charitable funds in the United States stipulates that all revenue and expenditure of charitable funds must be transparent and reported to relevant management institutions.
But in fact, these reported data are sent to the management organization, which is generally directly sealed at the bottom of the box. Normal people don't want to find these so-called public records at all.
However, with the continuous development of the network, in order to win votes, some congressmen in the United States put forward a proposal that the government management should be fully networked. Then the charity management organization established an online database, and all the reports of new charitable foundations will be directly sent to the database for everyone to query.
Those charity fund veterans who are used to making all kinds of outrageous statements on weekdays, but don't have to worry that someone will check them. Where do they want to get what great changes the Internet era will bring to the world? Their work and data will be placed in front of netizens transparently.
So everything blew up naturally.