Great read! Most investors in tech companies lose vast sums reacting to short-term jitters, writes Michael Moritz. First, the bad news. The 15 technology companies with the largest market capitalisations in 2000 have been decimated — losing about $1.35tn, or roughly 60 per cent, of their combined market value. Only one, Microsoft, has a market capitalisation that is higher than in 2000. the good news is more fun!