Tech stocks was hit once again hard during a rough trading session that shaved 514.45 points from the Dow and 80.93 points from the Nasdaq index. A quick look at stock values revealed a few winners and losers so far this month.
On the winning side are Motorola, Ebay, Apple, Cisco, Google, Novell and Oracle, all of which were able to either keep their stock values stable or even showed a slight increase during this shaky month.
Especially chip companies were once again in the crosshairs of traders with Nvidia, AMD, Seagate and Intel showing visible declines. Microsoft also was hit with a substantial decline which took the company below the $200 billion market cap mark in more than two years and for the second time in almost eight years.
Blackberry maker Research in Motion, which is rumored to be a possible acquisition target for Microsoft continued its downturn. The company stock traded as low as $47.00 on Wednesday and closed at $48.65, down 67% from its 12-month high of $148.13.
Here are the current market caps of our sample of 23 tech companies:
| Company |
Stock value decline as of 10/22/2008 compared to 12 month high |
Market capitalization in billions ($) | |
|
|
|||
|
Nortel |
-92% |
0.8 |
|
|
Nvidia |
-90% |
3.9 |
|
|
Sun Microsystems |
-81% |
3.6 |
|
|
Palm |
-79% |
0.4 |
|
|
Sandisk |
-78% |
2.3 |
|
|
Motorola |
-75% |
11.4 |
|
|
AMD |
-74% |
2.2 |
|
|
Seagate |
-72% |
3.9 |
|
|
RIM |
-67% |
27.5 |
|
|
Yahoo |
-64% |
17.2 |
|
|
Dell |
-61% |
23.5 |
|
|
Ebay |
-59% |
19.4 |
|
|
Apple |
-52% |
85.8 |
|
|
|
-52% |
111.8 |
|
|
Cisco |
-49% |
102.7 |
|
|
Intel |
-48% |
81.7 |
|
|
Microsoft |
-43% |
196.6 |
|
|
Adobe |
-42% |
13.5 |
|
|
Novell |
-41% |
1.6 |
|
|
Symantec |
-37% |
12.0 |
|
|
IBM |
-36% |
113.3 |
|
|
HP |
-34% |
86.3 |
|
|
Oracle |
-27% |
88.5 |
|
Workout of the Day
