There was a flurry of initial public offerings, a tremendous buildout of plants making everything from semiconductors to telecom equipment. When demand slowed, the undercapacity problem turned into an overcapacity problem so fast it was like someone threw a switch. For the time being, though, it looks like overcapacity is far off in the power business. Read our conflicts and disclosure policy . Order reprints of TSC articles.
Some market players worry that the rally in tech stocks means another bubble is forming.
Inc. All rights reserved.