10 posts and columns on market value

News Byte

Zynga Closes Above Its IPO Price

in Commerce on January 30 at 2:03 pm PT

Maybe it’s the hype around Facebook’s impending IPO, or the opportunity for real-money gaming, but, for whatever reason, Zynga is trading higher than its $10 offering price for one of the first times since December. Today, the social games publisher was up 3.4 percent, or 34 cents, to close at $10.39 a share. Earlier this month, Zynga lost at least 20 percent of its market value, and was having a hard time staying above $8. Fourth-quarter results are due on Valentine’s Day.

Palm Running Out of Time–Again

in News on March 19, 2010 at 7:14 am PT

Remarking on Palm’s gruesome third quarter during an earnings call yesterday, CEO Jon Rubinstein called the company’s performance “extremely disappointing to me personally.” This sentiment seems to be widely held among investors, who are dragging the company’s shares through the mud today, and analysts questioning whether Palm can ever pull off the turnaround for which it’s striving.

My Prediction, Palm: Pain.

in News on March 4, 2010 at 2:15 pm PT

Palm lost about half a billion dollars in market value last week after the company warned of a nasty revenue shortfall. And it seems that was only the beginning of what may prove to be a long and painful decline. Investors brutalized the company Thursday, slashing nearly five percent from its share price.

2009 PC Sales Not So Lousy After All

in News on November 24, 2009 at 11:00 am PT

Latest PC Shipment Forecast Considerably Less Hysterical Than Predecessors

in News on November 24, 2009 at 4:30 am PT

So that 11.9 percent decline in PC shipments that was supposed to occur this year? Not gonna happen, says Gartner. Neither is the two percent decline the research outfit projected in September. Nope. Turns out that 2009 PC shipments, which were once thought to be headed for certain disaster, aren’t going to decline at all. They’re going to grow.
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Nortel Agonistes

in News on December 12, 2008 at 2:53 pm PT

Nortel Networks is slipping closer to the abyss each day. Earlier this week it was reported that the long-suffering telecommunications equipment maker is seeking advice from Lazard Ltd. and law firm Cleary Gottlieb Steen & Hamilton about bankruptcy proceedings. Now comes news that it’s received a delisting notice from the New York Stock Exchange.

Publisher of Jobs Obituary Outs Jobs Heart Attack Rumor Writer

in News on October 24, 2008 at 7:15 am PT

So that fraudulent “citizen journalism” report claiming Apple CEO Steve Jobs had been rushed to the hospital with severe chest pains and shortness of breath? The one that allegedly shaved about $4.8 billion off Apple’s market value after Silicon Alley Insider picked it up and published without verifying it? Securities and Exchange Commission investigators have tracked down its author and it’s not the short seller many had expected. It’s an 18-year-old with no clear motive, according to Bloomberg (ironically, the source of the Jobs obituary accidentally posted to news wires in late August).

Boom: Apple Worth More Than Google

in News on August 13, 2008 at 12:18 pm PT

As Steve Jobs would say: “BOOM.” Apple has eclipsed Google in market value. Apple’s current market cap: $159.37 billion. Google’s: $157.56 billion.

Best Buy Lands iPhone Deal

in News on August 13, 2008 at 11:00 am PT