Hindsight Market

The Graveyard › 2000

Alteon Websystems Inc

ATON. · Machinery & Computers · NASDAQ · in our data September 24, 1999 to October 5, 2000 (1 years)

The first trading day in our data for Alteon Websystems Inc is September 24, 1999 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on July 24, 2000, the market valued it at $6.6 billion. It left the market when it was bought or merged, last trading at $122.12, -22.9% from its split-adjusted high. Holders got whatever the deal paid, which is not in our price data.

1999-092000-10
Peak market value$6.6 billionJuly 24, 2000
Highest split-adjusted share price$158.38July 24, 2000
Last share price$122.12October 5, 2000
From its split-adjusted high to the end-22.9%
Return over the days in our data+63.0%with dividends, before the last trade
Worst single day-17.3%September 29, 1999

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 1999.

Could you have seen it coming? Play Dot-com

Also gone in 2000: Machinery & Computers