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.”


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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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald