Optical Illusions: Lucent and the Crash of Telecom

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The narrative explores a significant corporate disaster during the recent economic boom-and-bust cycle, focusing on the rise and fall of America's most widely held stock. It delves into the factors that contributed to the market mania and the subsequent near-destruction of the company, offering insights into the complexities of corporate dynamics and market behavior. The account highlights the lessons learned from this tumultuous period in financial history.