Digital Daily » market value

Nortel Agonistes

John Paczkowski — Fri, 12 Dec 2008 22:53:07 +0000

Nortel Networks is slipping closer to the abyss each day. Earlier this week it was reported that the long-suffering telecommunications equipment maker is seeking advice from Lazard Ltd. and law firm Cleary Gottlieb Steen & Hamilton about bankruptcy proceedings. Now comes news that it has received a delisting notice from the New York Stock Exchange. If Nortel (NT) can’t get its stock price above the required $1-a-share minimum the NYSE requires, its shares, which have lost a stupefying 97 percent of their value this year, will be delisted.

Grim news for the once-darling tech company, which was worth about $250 billion.

Its market value today: about $275 million.

Publisher of Jobs Obituary Outs Jobs Heart Attack Rumor Writer

John Paczkowski — Fri, 24 Oct 2008 14:15:41 +0000

So that fraudulent “citizen journalism” report claiming Apple CEO Steve Jobs had been rushed to the hospital with severe chest pains and shortness of breath? The one that allegedly shaved about $4.8 billion off Apple’s market value after Silicon Alley Insider picked it up and published without verifying it? Securities and Exchange Commission investigators have tracked down its author and it’s not the short seller many had expected. It’s an 18-year-old with no clear motive, according to Bloomberg (ironically, the source of the Jobs obituary accidentally posted to news wires in late August). Which means the SEC may not have a case. “If the posting wasn’t directly related to the purchase or sale of a security, it’s questionable the SEC would have jurisdiction,” Michael Missal, a former enforcement lawyer told Bloomberg. “That’s not to say some other agency of the U.S. government couldn’t take action if it felt a law was violated.”

Boom: Apple Worth More Than Google

John Paczkowski — Wed, 13 Aug 2008 19:18:23 +0000

As Steve Jobs would say: “BOOM.” Apple (AAPL) has eclipsed Google (GOOG) in market value. Apple’s current market cap: $159.37 billion. Google’s: $157.56 billion. Not that we didn’t see this coming. Indeed, Valleywag predicted it back in November 2007. “Apple knows how to design not just gadgets, but the businesses that go around them,” the blog noted. “And as a result, we wouldn’t be surprised if Apple is worth more than Google within two years.”

Make that two years or less.

I wonder if Michael Dell would shut Apple (AAPL) down and give the money back to its shareholders now?

Best Buy Lands iPhone Deal

John Paczkowski — Wed, 13 Aug 2008 18:00:12 +0000

[ See post to watch video ]