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