John Paczkowski

Recent Posts by John Paczkowski

GOOG -58% YTD, AAPL -52.16% YTD, MSFT -40.45% YTD, EBAY -60.68% YTD

The ongoing financial crisis is fast beating even tech sector stalwarts into whimpering submission.

Google (GOOG) shares have not fallen below $300 since October 2005. Yet they slipped more than six percent to close at $291 Wednesday, driven downward by a marked slowdown in online advertising. They began the year trading at $724.80, so their journey to $291 is a humbling descent.

It’s also one we’re seeing played out in varying degrees of severity across an industry, whose members all seem to be trading near their 52-week lows or worse (click on the charts below).

Much worse, in Intel’s (INTC) case. Shares of the tech bellwether fell to a 12-year low of $12.36 Wednesday after it slashed its fourth-quarter revenue forecast.

And worse still for Sun (JAVA) whose share price is down about 98 percent since the height of the dot-com boom. At $4, Sun’s stock is trading at a 13-year low.

Meanwhile, Yahoo’s (YHOO) shares are hovering around $10, a price they’ve not seen since 2003. EBay’s (EBAY) are trading at a little over $12, a six-year low. And at $20.30, shares of Microsoft (MSFT) are revisiting market territory they’ve not seen since 1998.

And then there are the year-to-date declines.

  • Google, down -58% YTD
  • Yahoo, down -56%YTD
  • Apple, down -52.16% YTD
  • Microsoft, down -40.45% YTD
  • Intel, down -47.75% YTD
  • eBay, down -60.68% YTD
  • Amazon, down -50.02% YTD
  • IBM, down -23.46% YTD
  • Sun, down -77.77% YTD
  • Hewlett-Packard, down -34.13% YTD
  • Cisco, down -36.53% YTD

Said Citigroup analyst Mark Mahaney in his latest research note, “[this is] almost surely the worst economic environment in our collective lifetimes. We didn’t uncover a single source that thought business trends were going to improve in the foreseeable future.”

Obviously.


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik