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Wall Street Snapping Up Losers

Tech companies with no profits are enjoying hot IPOs again

By Peter Fearon,  Newser Staff

Posted Mar 28, 2007 9:46 AM CDT

(Newser) – Money-losing tech companies are enjoying overheated IPOs again. In a disconcerting echo of 1999, Forbes reports more than half the companies going public so far this year have yet to turn a profit. "The losers may be us," Quentin Hardy cautions, "a...   Read full story »

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