Tuesday, August 20, 2002

After the Bubbly Days, the Financial Hangover Sets In

[Financial Mail - South Africa 19.07.2002]

"Didata's share price has declined sharply in recent weeks, bringing its losses for the year to more than 60%. It has collapsed by 93% since its peak in 2000, when it was SA's third-largest listed company by market capitalisation (it is now barely in the top 40). Didata's misfortunes are a classic tale of the excesses of the technology bubble, where companies used expensive paper to buy other companies at premiums that look ludicrous today."

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