[gregw2]

It's not Enron.

It's Sun Microsystems in 1999.

The growth is a one time surge due to AI hype, like Y2K fears which required double hardware purchases for pre-y2k testing and the internet boom. When Y2K passed, while the internet boom continued, all those test servers (and routers and other hardware) bought pre-y2k were freed up and reused, cutting growth #s and driving up P/E ratios for Sun instantly, and with Sun serving as a proxy for the internet boom, the boom was declared a bust in Q1 of 2000. Oh and low end x86+Linux competition didn't help.