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Nasdaq closes with a loss for 2011: A look back at the top and bottom performers

It was a powerful yr for most of the publicly-traded tech corporations in Washington state, with simply a handful posting constructive total inventory efficiency. Even tech titans like Amazon.com, Microsoft and F5 Networks shed worth in 2011, marking an total damaging yr on the Nasdaq.

Actually, the tech-heavy Nasdaq  dropped 1.8 percent throughout 2011, the first annual loss since 2008. The Dow, in the meantime, gained 5.5 p.c.

Right here’s a look back at how the public tech corporations fared. Apparently, it was two dot-com survivors — InfoSpace and Market Chief (previously HouseValues.com) — which led the cost into constructive territory. A newcomer, Zillow, additionally got here on to the scene with a bang as the solely tech IPO in Washington state.

Amazon.com: The Seattle on-line retailer topped 50,000 workers in 2011, launched the Kindle Fireplace pill pc and typically was certainly one of the vibrant spots in the tech group. And whereas Amazon’s inventory peaked at $246 per share in October with a market cap topping $100 billion, it gave back a lot of these positive aspects in latest months. Amazon took a beating after its third quarter income fell by 73 p.c, resulting in a loss on the yr.

2011 shut: $173.10, down 4.26 p.c on the yr.

Blue Nile: The net jewellery retailer noticed its inventory tail off as customers turned a bit extra cautious about luxurious purchases. The Seattle firm’s inventory plummeted additional after long-time CEO Diane Irvine unexpectedly stepped down in November after posting disappointing numbers.

2011 shut: $40.88, down 28 p.c on the yr.

Bsquare: You already know it’s dangerous when your CEO publicly declares that he’s upset with latest monetary efficiency. And that’s what occurred in November when Bsquare CEO Brian Cowley noted that investments weren’t paying off as rapidly as they’d hoped, pushing the Bellevue tester of cellular software program and tools to a third quarter loss.

2011 shut: $3.42, down 60 p.c on the yr.

Nasdaq closes with a loss for 2011: A look back at the top and bottom performersClearwire: The Kirkland supplier of high-speed wi-fi service continued to lose piles of cash (and a variety of board members and executives) because it struggled to make the transition to a new expertise infrastructure often called LTE. Although Dash eventually came through with a much-needed cash infusion, that alone was not sufficient to persuade traders of Clearwire’s future prospects.

2011 shut: $1.94, down 62 p.c.

Concur: The Redmond maker of journey and leisure expense administration expanded its footprint in 2011, shopping for TripIt and London’s GlobalExpense. And CEO Steve Singh indicated that the investments would proceed going into the new yr, telling traders in November that nice alternatives lie forward. “As a way to capitalize on the strong demand setting, we are going to considerably ramp our investments throughout the enterprise,” Singh stated. Definitely, a firm to look at in 2012.

2011 shut: $50.79, down 2.9 p.c.

Nasdaq closes with a loss for 2011: A look back at the top and bottom performersCray: The Seattle supercomputer maker kicked off the SC11 convention in its hometown with some huge news, asserting that he had gained a $188 million contract to put in certainly one of its methods at the College of Illinois’ Nationwide Middle for Supercomputing Functions. Shares jumped, however not sufficient to reverse some earlier downward stress on the inventory from August when the firm misplaced its longtime CTO and experienced parts supplier challenges.

2011 shut: $6.47, down 9.7 p.c.

Information I/O: One in every of the oldest expertise corporations in the Seattle space, Information I/O noticed its income shrink for the first 9 months of the yr because it invested extra in analysis and growth. The Redmond firm noticed revenues improve barely to $20 million for the first 9 months of the yr.

2011 shut: $3.74, down 34.8 p.c.

Dendreon: The one-time high-flyer of Seattle’s biotech business fell off a cliff in early August. In simply in the future, the inventory fell from $35 per share to $11 per share as the firm experienced slower demand for its Provenge prostate most cancers drug therapy. By September, Dendreon had minimize 500 positions as the inventory fell even additional.

2011 shut: $7.60, down 78 p.c.

Nasdaq closes with a loss for 2011: A look back at the top and bottom performersExpedia: Celebrating 15 years in enterprise, Expedia’s shares expectedly took a nostril dive after the Bellevue on-line journey juggernaut spun off its TripAdvisor review site into a separate publicly-traded firm. Expedia, with out TripAdvisor, now has a market worth of $3.8 billion. Apparently, that’s simply barely above the $3.1 billion that Wall Road locations on the a lot smaller TripAdvisor enterprise.

2011 shut:  $29.02, down 42 p.c.

F5 Networks: F5 achieved a huge milestone in October, asserting that it had surpassed $1 billion in annual income. Nonetheless, traders nonetheless despatched the inventory on a downward path. The maker of software program and {hardware} merchandise to hurry up the supply of functions over the Web nonetheless boasts a market worth of $8.4 billion, making it certainly one of the greatest expertise corporations in the state.

2011 shut: $106.12, down 18.4 p.c.

Google: Although technically not headquartered in Seattle, the search titan does now make use of near 1,000 individuals in the area. Provided that, we determined to take a look at its inventory efficiency in 2011. In comparison with rivals like Microsoft, it was a stable yr for Google as Google+ took off and Android continued to realize market share.

2011 shut: $645.90, up 8.7 p.c.

Nasdaq closes with a loss for 2011: A look back at the top and bottom performersInfoSpace: A surge over the previous month propelled InfoSpace to new heights in 2011. Although the Bellevue Web search firm seemingly won’t ever return to its dot-com glory days (as soon as buying and selling above $1,000 per share), InfoSpace continues to take a seat on a enormous money pile of $279 million. The corporate has stated that it plans to make use of some of that cash for acquisitions.

2011 shut: $10.99, up 32 p.c.

Marchex: The Seattle internet marketing firm continued to make its transition into the name promoting enterprise. However the inventory encountered loads of turbulence all through the yr.

2011 shut: $6.25, down 34 p.c.

Market Chief: The net actual property firm could have been overshadowed by Zillow’s preliminary public providing (see under). However Market Chief rebounded, trimming its internet losses and displaying an uptick in income.

2011 shut: $2.75, up 56 p.c.

Microsoft: Steve Ballmer can’t catch a break. Regardless of meeting Wall Street profit expectations and posting file revenues for the most up-to-date quarter, the software program big nonetheless noticed its inventory sink. Many have continued to call for Ballmer — the brash and bombastic CEO — to step down amid weak spot in key areas akin to cell phones and pill computer systems.  The corporate’s server and instruments division in addition to leisure and units — which incorporates the raging success of the Xbox 360 — have continued to do properly for Microsoft.

2011 shut: $25.96, down 6.9 p.c.

Microvision: The maker of the Pico projection system noticed its inventory take a beating, racking up a whopping $7.7 million quarterly loss throughout the third quarter. At the time, Microvision warned traders that it had solely sufficient money to outlive via January. To make issues worse, the firm obtained discover from Nasdaq in late October that its inventory was in peril of being delisted for not assembly minimal itemizing necessities for the inventory change.

2011 shut: 36 cents, down 80 p.c.

Nasdaq closes with a loss for 2011: A look back at the top and bottom performersMotricity: The worst inventory performer of the bunch, Motricity had an terrible 2011 after it surprised Wall Street with larger losses. The maker of cellular software program misplaced practically all of its worth and is now seeking to unload its belongings. In August, longtime CEO Ryan Wuerch stepped down, a part of an executive purge at the struggling agency. That very same month, a class motion go well with was filed towards the firm alleging that it issued “materially false and deceptive statements to traders.”

2011 shut: 90 cents, down 95 p.c.

RealNetworks: RealNetworks was a firm seeking a mission and new management in 2011. After CEO Bob Kimball unexpectedly stepped down in March, Actual spent eight months looking for a alternative. In November, the firm lastly named former Adobe exec Thomas Nielsen as CEO. He’ll have a powerful street forward of him, making an attempt to regain some stature for the Seattle tech stalwart.

2011 shut: $7.50, down 55 p.c.

Zillow: The one IPO of the bunch, the on-line actual property firm stunned some with its robust debut on Wall Road. It was a large yr for Zillow, with Spencer Rascoff and crew not solely guiding the firm to an IPO but in addition profitability. Zillow additionally purchased two corporations in 2011, and topped 25 million month-to-month distinctive guests for the first time. The corporate priced shares in July at $20, with the inventory rising to $35 on its first day of buying and selling. It has since falling, partially as a result of insiders at the firm had been able to cash out early. However Zillow’s IPO was nonetheless certainly one of the greatest performers in tech this yr.

2011 shut: $22.48, up 12 p.c from the $20 providing worth.

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