In fact, a significant amount of the 2001 drop was not "real". A lot of computer equipment sold in 2000 was "stuffing the pipe" in some way, such as selling on

In fact, a significant amount of the 2001 drop was not "real". A lot of computer equipment sold in 2000 was "stuffing the pipe" in some way, such as selling on credit to companies that would never be able to pay, or selling into distributor inventory. While the equipment was never used, the chips inside were still paid for, so the chip companies had a great year. Lucent nearly collapsed as a result [0] and never recovered. [0] https://www.technologyreview.com/s/403672/how-lucent-lost-it/ https://www.technologyreview.com/s/403672/how-lucent-lost-it...