Sad Summer For Tech Stocks
The Wall Street woes of late July have only accelerated in August, particularly after Standard & Poor's downgraded the U.S. debt facilities. From July 21, when the trouble really started, through Aug. 8, Nasdaq lost 16.8 percent of its value and the Dow Jones index lost 15.0 percent. For tech stocks, the news was even worse. Thirty-one of 50 public stocks tracked by CRN showed losses of more than 17 percent for that period, including two companies that lost more than 40 percent of their value. Here's a look at the 10 worst-performing companies during that period, as well as one that bucked the trend.