Hindsight Market

The Graveyard › 2002

Advanced Switching Comm Inc

ASCX · Machinery & Computers · NASDAQ · in our data October 5, 2000 to May 24, 2002 (1.6 years)

The first trading day in our data for Advanced Switching Comm Inc is October 5, 2000 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on October 10, 2000, the market valued it at $802 million. It ended in a collapse: the last trade was $1.17, -94.0% from its split-adjusted high. Our data does not say why it stopped trading.

2000-102002-05
Peak market value$802 millionOctober 10, 2000
Highest split-adjusted share price$19.50October 10, 2000
Last share price$1.17May 24, 2002
From its split-adjusted high to the end-94.0%
Return over the days in our data-93.5%with dividends, before the last trade
Worst single day-45.9%July 2, 2001

Share prices are adjusted for splits and other share changes, so the high and the last price compare like for like; the peak market value is as it was on the day. The return covers the trading days in our data only: it does not include what holders received, or lost, after the last trade (a merger payout, a bankruptcy), and it does not reach back before 2000.

Could you have seen it coming? Play Dot-com

Also gone in 2002: Machinery & Computers