This Day in Financial History
September 21,聽2000
Intel Corp. announces that it expects third-quarter revenues to rise 3% to 5%, below earlier forecasts of 7% to 9%. That's just $330 million below expectations-but, in after-market trading, Intel drops from $61.48 to $48.25, a $91 billion loss in market value. The next day, 309 million Intel shares change hands, breaking NASDAQ's single-stock volume record by more than 100 million shares. Over the next two trading days, the stock slides to $43.31, erasing a total of $122 billion in market value.