tech stocks apparently had a good day.
As mentioned, we focused a lot on tech stocks in our Personal Finance features, because of 1. Dotcom Bubble and 2. Stock Options:
CNN Money stories from 2/22/99, here's a sampling of other items:
- Securitas bought Pinkerton's, creating the world's largest full-service security firm
- A check-in on the Microsoft antitrust trial, where the government used Microsoft internal emails during a cross-examination of firm general manager of new technology Daniel Rosen to show that the company did see Netscape as a competitor. (Rosen admitted to composing the email but not sending it. Yeah.)
- A Nasdaq panel voted against trading halts for the Nasdaq, which were seen as a way to help protect small, individual investors—many of whom were new players thanks to online brokerage firms. Irony alert: Quoted in the article: "Bernard Madoff, head of a trading firm that matches buyers and sellers on Nasdaq who supports the use of halts, predicts they will be approved eventually but says they won't be a cure-all. 'The halts aren't going to cure volatility, they're just going to limit it,' he told CNNfn."