McConnell Votes to Grant China Permanent Normal Trade Relations Status
The U.S. Senate voted on granting China permanent normal trade relations status, with McConnell casting a "yes" vote, paving the way for China's accession to the WTO.
The U.S. Senate voted on granting China permanent normal trade relations status, with McConnell casting a "yes" vote, paving the way for China's accession to the WTO.
In late March 2000, Cisco's market capitalization exceeded $500 billion, briefly surpassing Microsoft to become the world's most valuable company; the bubble then burst, and its market cap shrank by about $431 billion.
On New Year's Day 2000, the Y2K bug did not trigger the predicted global system meltdown; after that, the Nasdaq continued to surge, peaking at 5048.62 points on March 10.
After the dot-com bubble burst, Cisco's stock price fell from $79 to $9.5 within two years, a cumulative decline of about 88%.