Last week was pretty big for corporate news, with Apple's CEO Steve Jobs temporarily stepping down for another health-related sabbatical, and Google's CEO Eric Schmidt stepping up to chairman.
Both companies have seen their share-prices fall this week, despite delivering excellent quarterly earnings, presumably as a direct result of these announcements.
Apple's fall was greater, which isn't a surprise as, with all due respect to Schmidt, Jobs is a more irreplaceable figure in his company. Furthermore, it looks like Schmidt is still performing more or less the same function; he'll just have fewer opportunities to deliver some of his occasionally ill-advised public pronouncements.
In a generally negative week for tech stocks, ARM and NVIDIA saw some retreat from their CES-fuelled spike, while AMD continued to be punished for turfing out its CEO.
The only companies up on the week - Oracle, IBM, HP and the disties - all have one thing in common: heavy exposure to the corporate IT market.
| Company | Listing | Share price 3/1/11 | Share price 10/1/11 | Share price 17/1/11 | Share price 24/1/11 | 7-day change | Market cap (bn) |
|---|---|---|---|---|---|---|---|
| AMD | AMD | 8.18 | 8.83 | 8.20 | 7.54 | -8.0% | 5.14 |
| Apple | AAPL | 322.56 | 336.12 | 348.48 | 326.72 | -6.2% | 301.00 |
| ARM | ARMH | 20.75 | 22.18 | 25.97 | 24.84 | -4.4% | 10.94 |
| Avnet | AVT | 33.03 | 32.85 | 33.96 | 34.98 | 3.0% | 5.32 |
| Cisco | CSCO | 20.23 | 20.97 | 21.21 | 20.73 | -2.3% | 114.87 |
| Dell | DELL | 13.55 | 13.98 | 14.05 | 13.47 | -4.1% | 26.00 |
| GOOG | 593.97 | 616.44 | 624.18 | 611.83 | -2.0% | 195.65 | |
| HP | HPQ | 42.10 | 45.09 | 46.25 | 47.23 | 2.1% | 103.45 |
| IBM | IBM | 146.76 | 147.93 | 150.00 | 155.50 | 3.7% | 193.19 |
| Ingram Micro | IM | 19.09 | 19.00 | 19.25 | 19.40 | 0.8% | 3.04 |
| Intel | INTC | 21.03 | 20.66 | 21.08 | 20.82 | -1.2% | 116.13 |
| Microsoft | MSFT | 27.91 | 28.60 | 28.30 | 28.02 | -1.0% | 239.73 |
| Nokia | NOK | 10.32 | 10.51 | 10.99 | 10.78 | -1.9% | 40.37 |
| Nvidia | NVDA | 15.40 | 19.87 | 23.59 | 22.22 | -5.8% | 12.91 |
| Oracle | ORCL | 31.30 | 31.03 | 31.25 | 32.51 | 4.0% | 164.25 |
| Qualcomm | QCOM | 49.49 | 51.73 | 52.04 | 51.24 | -1.5% | 82.88 |
| Tech Data | TECD | 44.02 | 44.10 | 46.68 | 46.27 | -0.9% | 2.16 |
| Dow | .DJI | 11577.51 | 11674.76 | 11787.38 | 11871.84 | 0.7% | N/A |
| FTSE 100 | .FTSE | 5899.94 | 5984.33 | 6002.07 | 5896.25 | -1.8% | N/A |
| NASDAQ | .IXIC | 2652.87 | 2703.17 | 2755.30 | 2689.54 | -2.4% | N/A |
