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Stockwatch: Chip makers hit hard by pessimistic 2009 forecast

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Business and Law
By Wolfgang Gruener   
Thursday, November 20, 2008 00:01



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.

 

Company Stock value decline as of 11/19/2008 compared to 12 month high Market capitalization in billions ($)

Nortel -96% 0.3
Seagate -86% 1.9
Sun -85% 2.4
Sandisk -84% 1.4
Nvidia -83% 3.4
AMD -82% 1.3
Palm -80% 0.2
Motorola -79% 7.8
Yahoo -70% 12.7
RIM -69% 25.6
Ebay -67% 14.9
Dell -64% 20.3
Google -61% 88.1
Apple -58% 76.7
Intel -55% 69.5
Adobe -54% 11.5
Symantec -51% 9.4
Microsoft -50% 164.1
Novell -50% 1.3
Cisco -49% 88.7
HP -48% 80.8
IBM -42% 102.1
Oracle -32% 82.5

 

 

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
Google -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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