After the great sell-off documented in last week's HEXUS.sharewatch, there was some degree of recovery in our latest list, although not among the semiconductor fraternity.While Intel's share price dropped by 2.2 percent and AMD's by 5.7 percent, the big loser was NVIDIA, with a drop of 12.7 percent.
This is the second week in a row we've seen a double figure drop from the graphics giant and it takes NVIDIA's share price to a new three year low of $10.19. It's now hard to bet against NVIDIA's share price dropping below $10, something it hasn't done for four years.
A contributing factor last week will have been the announcement of a class action law suit from NVIDIA investors, alleging that NVIDIA knew about its die/packaging problem long before it officially announced it.
The suit is claiming that, had investors been if full possession of the facts, they may not have bought NVIDIA shares and thus not lost money when the share price plummeted after the die/packaging announcement on 2nd July this year.
Other losers include Apple, which has seen a steady drop in its share price over the past few weeks as senior execs struggle to resolve claims of improper back-dating of stock option grants. Dell's share price appears to be still suffering from its below-expectation quarterly earnings.
Microsoft was the biggest gainer in a week that saw it position itself more strongly in the IPTV market. Yahoo! Also rose by 5.5 percent as it insisted the Google ad deal was going ahead in spite of anti-trust concerns and it released a few new bits and bobs.
We can probably expect to see another general sell-off this week, with the announcements over the weekend that to more major US investment banks are in trouble; Lehman Brothers has filed for bankruptcy and Merrill Lynch is to be bought by Bank of America for $50 billion.
The FTSE 100 is currently around 3 percent down on the news.
Company | Listing | Share price 15/8/08 | Share price 31/8/08 | Share price 8/9/08 | Share price 15/9/08 | 7-day change | Market cap (bn) |
---|---|---|---|---|---|---|---|
AMD | AMD | 5.64 | 6.25 | 5.96 | 5.62 | -5.7% | 3.41 |
Apple | AAPL | 175.74 | 173.74 | 160.18 | 148.94 | -7.0% | 131.94 |
Avnet | AVT | 31.00 | 30.16 | 27.42 | 26.05 | -5.0% | 3.92 |
Dell | DELL | 25.06 | 25.21 | 20.41 | 19.04 | -6.7% | 37.29 |
GOOG | 510.15 | 473.78 | 444.25 | 437.66 | -1.5% | 137.62 | |
HP | HPQ | 45.59 | 47.33 | 44.96 | 46.97 | 4.5% | 115.03 |
IBM | IBM | 126.36 | 124.58 | 114.33 | 118.97 | 4.1% | 161.19 |
Ingram Micro | IM | 19.95 | 19.22 | 17.82 | 18.05 | 1.3% | 2.99 |
Intel | INTC | 24.26 | 23.59 | 20.61 | 20.16 | -2.2% | 113.34 |
Microsoft | MSFT | 27.81 | 27.94 | 25.65 | 27.62 | 7.7% | 252.18 |
Nvidia | NVDA | 12.96 | 13.14 | 11.67 | 10.19 | -12.7% | 5.67 |
Tech Data | TECD | 35.24 | 34.57 | 32.97 | 31.40 | -4.8% | 1.59 |
Yahoo | YHOO | 20.44 | 19.65 | 18.08 | 19.08 | 5.5% | 26.44 |
Dow | .DJI | 11659.90 | 11715.18 | 11220.96 | 11421.99 | 1.8% | N/A |
FTSE 100 | .FTSE | 5454.80 | 5601.20 | 5440.20 | 5416.70 | -0.4% | N/A |
NASDAQ | .IXIC | 2452.52 | 2411.64 | 2255.88 | 2261.27 | 0.2% | N/A |