Hindsight Market

The Graveyard › 2000

Applied Magnetics Corp

AMPMQ · Electronics · NYSE · in our data July 13, 1971 to January 7, 2000 (28.5 years)

The first trading day in our data for Applied Magnetics Corp is July 13, 1971 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on January 30, 1997, the market valued it at $1.5 billion. It ended in a collapse: the last trade was $0.41, -98.9% from its split-adjusted high. The delisting record says: likely failure.

1971-072000-01
Peak market value$1.5 billionJanuary 30, 1997
Highest split-adjusted share price$36.88February 19, 1997
Last share price$0.41January 7, 2000
From its split-adjusted high to the end-98.9%
Return over the days in our data-90.1%with dividends, before the last trade
Worst single day-32.0%October 26, 1987

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 1971.

Could you have seen it coming? Play Dot-com

Also gone in 2000: Electronics