Ok, now that everyone has had a moment to take a breath, let’s look back at the carnage on Wall Street. It was certainly a cringe-worthy (some may say scream-worthy) day. The Dow Jones dropped 5.5 percent, the Nasdaq sunk 6.9 percent and investors everywhere took note of their dwindling holdings. Tech stocks — like almost everything else — took it on the chin.
I was curious just how bad the bloodletting was for Northwest companies so I put together a list showing the percentage drops and current market values. According to my analysis, every single technology company lost value today — except for Data I/O which was unchanged.
Kirkland-based Clearwire and Seattle-based Dendreon — two companies that have had a rough start to the month of August — continued to get pummeled as both saw double digit percentage drops.
A sinking market also typically batters new entrants, and that was also the case today as several companies that recently priced shares on the Nasdaq took it on the nose. LinkedIn fell 17 percent, while online music service Pandora tumbled 7.62 percent. Zillow, the Seattle online real estate company which went public to much enthusiasm last month, dropped 7.35 percent to stay just above the $26 mark.
Here’s a look at the performance today of some of the notable tech companies in the Pacific Northwest, with other global tech companies like Google, EMC and Intel (which have large offices in the region) also listed.
Amazon.com: Down 4.4 percent. Market value: $88 billion.
Apple: Down 5.5 percent. Market value: $327 billion.
Blue Nile: Down 4 percent. Market value: $496 million.
Bsquare: Down 9.7 percent. Market value: $47 million.
Clearwire: Down 15.5 percent. Market value: $1.5 billion.
Concur: Down 10.6 percent. Market value $1.94 billion.
Cray: Down 10.3 percent. Market value: $183 million.
Data I/O: Unchanged. Market value: $53 million.
EMC: Down 4.3 percent. Market value: $45 billion.
Dendreon: Down 17 percent. Market value: $1.5 billion.
Expedia: Down 6.3 percent. Market value: $7.3 billion
F5 Networks: Down 9.3 percent. Market value: $6 billion.
Google: Down 5.7 percent. Market value: $176 billion.
InfoSpace: Down 6.5 percent. Market value: $318 million.
Intel: Down 3.3 percent. Market value: $106 billion.
Marchex: Down 4 percent. Market value: $339 million.
Market Leader: Down 6 percent. Market value $53 million.
Microsoft: Down 4.67 percent. Market value: $205 billion.
Microvision: Down 9 percent. Market value: $92 million.
Motricity: Down 11.4 percent. Market value: $201 million.
RealNetworks: Down 8.4 percent. Market value: $374 million.
Yahoo: Down 5.5 percent. Market value: $14.5 billion.
Zillow: Down 7.35 percent. Market value: $702 million.
