May followed April's dramatic decline as the Index continued to lose to the Standard & Poor's 500. The Index lost all of the ground it had gained during a late 2001 run up, falling below levels it was at in the early post-9/11 period.
Virtually all members of the Index have lost ground. Some storage stocks are suddenly good buys. Investors who had looked to storage stocks for growth are now devaluing them because of recession-induced revenue shortfalls, despite relatively good profit pictures. Time will tell whether investors will like the storage industry for its returns, rather than go-go growth.
The Storage Industry Index tracks a market basket of public companies focused largely on storage. The companies represent all sectors of the industry and all have significant market share in their sectors. This Index is intended to represent the relative growth of storage technology and is not intended as a guide to personal investment.
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