The day the bubble burst. (Viewpoint).

Fiberoptic Product News, July, 2003 by Levinson, Frank

Seventy-five years from now, when business school lecturers look back at the first few years of the 21st Century, they're likely to use the same descriptive phrase that appeared as the title of a 1980 book chronicling the times 75 years ago. The Day the Bubble Burst, by Gordon Thomas and Max Morgan-Witts, traces the events that led up to the stock market crash of 1929. While most people believe that the 1929 crash caused more long-term suffering than the troubles we will experience from the current downturn, these two events will remain linked in history because of their tragic similarities.

For many fiber optics companies, the Bubble of the late 1990's and the Burst of 2000-2001 were our best and toughest years. The economic boom attracted an unprecedented...

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