Hindsight is 20/20 of course, but when looking back on the tech bubble you have to wonder just how far out of wack things got. Case in point: Cisco Systems. At its peak, Cisco was the largest company in the world by market cap with a value around $600 billion. There were fewer than 30,000 employees which means the stock market assigned an average of $20 million of value per employee.
When the bubble burst, Cisco proceeded to lose $500 billion in value over the following thirty months.