Wall Street is going through another rough week and IT companies are feeling the full effect of the declining stock values. Our sample of 23 tech companies lost a combined $25.7 in market capitalization in the past seven days alone - $16.4 billion are contributed by Microsoft alone, which is now valued at just $164.2 billion. However, in terms of a percentage loss, chip makers are hit worst by what seems to be a perfect storm.
Compared to their 12-month highs, Nvidia has lost 83%, AMD 82% and Intel 55%. 19 of the 23 companies in our list have lost at least 50% in market capitalization over the past 12 months.
Especially noteworthy are Blackberry maker RIM, which is down 69% and is still rumored to be an acquisition target for Microsoft, Google, which is down 61% from more than $200 billion to 88.1 billion, Apple, which is down 68% to $77 billion as well as Seagate, which lost 86% and has a market capitalization of just $1.9 billion.
The best performing stock remains Oracle, which is now down 32%. The complete lists for November 19 and November 12 are below.
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| Company | Stock value decline as of 11/12/2008 compared to 12 month high | Market capitalization in billions ($) |
| Nortel | -97% | 0.3 |
| Sun | -83% | 2.7 |
| Palm | -83% | 0.3 |
| Seagate | -83% | 2.4 |
| Nvidia | -80% | 4.0 |
| Sandisk | -80% | 1.7 |
| AMD | -80% | 1.7 |
| Motorola | -77% | 9.0 |
| RIM | -71% | 24.4 |
| Yahoo | -65% | 14.5 |
| Ebay | -65% | 15.7 |
| Dell | -63% | 20.6 |
| -60% | 91.4 | |
| Apple | -56% | 80.1 |
| Symantec | -56% | 10.3 |
| Intel | -52% | 75.2 |
| Adobe | -52% | 11.6 |
| Cisco | -45% | 97.3 |
| Microsoft | -45% | 180.6 |
| Novell | -45% | 1.4 |
| HP | -41% | 76.3 |
| IBM | -39% | 107.1 |
| Oracle | -30% | 84.9 |
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