The Securities and Exchange Commission is investigating accounting practices at the once high-flying telecommunications company.

But he also acknowledged a desire to help the once high-flying technology corporations that were hit in last year's market selloff.

At that price, it is close to the value of 3Com, the once high-flying technology company that now trades for $3 and change.

No fund - not even the once high-flying Midas - escaped the carnage.

Artisoft Inc., tiny but profitable, has seen its once high-flying shares lose more than half their market value since Microsoft's plans became known this summer.

The Nasdaq composite, particularly covering many of the once high-flying high-tech stocks, fell nearly 1.4 percent, to 351.45, down 4.94.

Investors lost tens of billions of dollars on Enron, as the once high-flying energy company plunged into bankruptcy in 2001.

Several investors have since reconsidered their positions in software companies, causing many once high-flying software stocks to tumble.

Alas, the once high-flying Uzan defaulted on his contract and lost his $8 million deposit.

With armed clashes adding to the political tension, the once high-flying Palestinian stock market hit its lowest point in more than a year.