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So Much for Those October “Lows”…

by John Paczkowski
Posted on November 19, 2008 at 5:05 PM PT

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Concerns that the econalypse will last longer than expected inspired a nasty market selloff Wednesday, one that kicked tech’s ass all the way back to April 2003.

The Nasdaq gave up nearly 97 points, falling 6.5 percent to 1,386, its lowest close in five years. And it dragged a host of tech issues down into the mud along with it. Leading the downward charge was Yahoo (YHOO), whose shares plummeted nearly 21 percent to close at $9.14, their lowest price in about six years. Declining right along with it were shares of Google (GOOG), which slipped nearly six percent to close at $280.18. Apple (AAPL), Microsoft (MSFT), Intel (INTC), eBay (EBAY) and Amazon (AMZN) didn’t fare much better. Their shares all closed down at least four percent. Quite a bloodbath. The carnage in charts, below (click for the larger image):

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About John

John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »

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