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The closest parallel is probably with the dot com bubble where some companies (notably Cisco & IBM) loaned money to purchase network equipment to their own cust
by rwmj 1y ago
The closest parallel is probably with the dot com bubble where some companies (notably Cisco & IBM) loaned money to purchase network equipment to their own customers. Since those customers weren't profitable (or arguably even financially viable companies at all) the whole thing exploded rather spectacularly.
- mykowebhn 1y agoCisco probably did the least bad out of all those telecom/networking companies, and I don't think IBM was ever a big player. So many companies saw the start of their demise then--Lucent, Nortel Networks, Ericcson, etc.