Advertisement

Alpha Micro Stock--After 2-Day Frenzy--Drops 41%

Share

After two days of investor frenzy and rocketing stock prices, Alpha Microsystems’ shares dropped 41% Thursday.

Shares of the Santa Ana-based software and computer-services company fell $2.56 to close at $3.63 on the Nasdaq market.

On Wednesday, Alpha Micro stock hit a 52-week high after the company unveiled free software to help investors use the Internet. Analysts say the company’s recent stock boom reflected the current Wall Street craze over Internet stocks.

Advertisement
Advertisement