Wall Street Collapse: 10 Tech Stocks That Dropped Like Rocks

Tech Stocks That Took A Dive

The Dow Jones index dropped more than 500 points Thursday, its largest one-day fall since October 2008. Overall, the Dow index fell 4.3 percent and the Nasdaq 5.1 percent.

And after all the damage from the Wall Street collapse was assessed, several technology and channel companies fared even worse than that.

Here's a countdown of 10 companies that might be wishing yesterday never happened.

No. 9: Agilysys (tie)

Aug. 4, 2011: $8.87
Aug. 3, 2011: $9.50
Change: -6.6%

Agilysys had seen a steady stock decline since July but yesterday's collapse dropped the stock to its lowest point since July 12.

No. 9: Sapient (tie)

Aug. 4, 2011: $12.94
Aug. 3, 2011: $13.86
Change: -6.6%

Sapient reported earnings Thursday that beat Wall Street expectations, but that still wasn't enough to stop the Boston-based service provider's stock from falling more than 6 percent.

No. 8: Panasonic

Aug. 4, 2011: $10.72
Aug. 3, 2011: $11.49
Change: -6.7%

Panasonic's closing price was close to its 52-week low of $10.70, reached earlier in the day.

No. 7: Netgear

Aug. 4, 2011: $30.49
Aug. 3, 2011: $32.82
Change: -7.1%

Netgear's one-day drop of 7 percent was only the latest blow dealt by investors. As recently as July 7, the company's stock closed at $45.11.

No. 6: Brocade Communications

Aug. 4, 2011: $4.89
Aug. 3, 2011: $5.29
Change: -7.6%

Brocade's stock closed below $5 per share for the first time since last November.

No. 5: Citrix Systems

Aug. 4, 2011: $65.34
Aug. 3, 2011: $70.83
Change: -7.8%

Citrix shares closed as high as $82.98 on July 8 and its Aug. 4 close was its lowest mark since February of this year.

No. 4: VMware

Aug. 4, 2011: $88.88
Aug. 3, 2011: $97.00
Change: -8.4%

VMware shares closed at their lowest point since April 19. The virtualization giant's stock had traded at more than $100 per share for much of July.

No. 3: Quantum

Aug. 4, 2011: $2.18
Aug. 3, 2011: $2.38
Change: -8.4%

Like many companies on this list, Quantum's stock had already fallen significantly this month before yesterday's collapse. Quantum shares closed at $3.37 on July 1.

No. 2: NetSuite

Aug. 4, 2011: $34.23
Aug. 3, 2011: $37.42
Change: -8.5%

NetSuite's shares fell more than 8 percent Thursday to their lowest point since May. Still the company's stock has more than doubled since its close of $15.59 on Aug. 4, 2010.

No. 1: Advanced Micro Devices

Aug. 4, 2011: $6.50
Aug. 3, 2011: $7.16
Change: -9.2%

AMD earned the dubious distinction of being the worst-performing stock among 50 tech vendor and channel stocks tracked by CRN. AMD shares had gained more than $1 to close at $7.75 on July 22 after reporting better-than-expected earnings, but that gain was gone by yesterday.

Insight Enterprises Bucks The Trend

Aug. 4, 2011: $18.08
Aug. 3, 2011: $16.51
Change: 9.5%

Insight Enterprises picked a good day to report solid financial earnings for the second quarter. While most companies saw their share prices in the red, the Phoenix-based solution provider saw its stock increase by almost 10 percent.

Meanwhile, Lenovo and GTSI also reported slight gains, 0.2 percent and 0.4 percent, respectively.