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Who's the Bigget Loser in Tech?
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| Written by Mel Duvall |
Let’s face it, misery loves company. So while you’re bemoaning the current state of your stock portfolio, you might be wondering just how bad Bill Gates, Larry Ellison, and the other tech gazillionaires are faring these days.
Technology stocks may not have been hit as hard as the bank, housing, oil, or financial services stocks, but they are taking their lumps. Since July 1, 2008, the Nasdaq index has fallen from 2304.97 points to 1645.12, which represents a 28.63% decrease.
Not all stocks are created equal, however, and when you look at individual companies you see that Steve Jobs of Apple and Jim Balsillie of Research in Motion (maker of the Blackberry), have taken it much harder on the chin than Bill Gates at Microsoft or Larry Ellison at Oracle.
Here’s a look at 10 bellwether technology stocks. They’ve been arranged in order from best (that is the lowest % decrease in share price) to worst. The biggest loser in the technology world (at least from our sample) is Blackberry maker Research in Motion, with a 53% decrease in share price, and the biggest winner or smallest loser is Hewlett-Packard, which has seen its shares fall only 12.5% since July 1.
In the list below, the first figure represents the company’s share price on July 1, 2008, its closing share price on Oct. 9, and the percentage decrease in the share price.
1. Hewlett-Packard - $44.00, $38.50, -12.5%
2. McAfee - $34.18, $29.13, -14.8%
3. Microsoft - $26.87, $22.38, -16.7%
4. Oracle - $21.31, $16.05, -24.7%
5. IBM - $119.27, $89.25, -25.2%
6. Symantec - $19.74, $13.90, -29.6%
7. SAP - $51.89, $34.76, -33%
8. Dell - $22.18, 13.38, -39.7%
9. Apple - $174.68, $88.47, -49.4%
10. RIM - $123.27, $58.02, -52.9%
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