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The top tech stocks of 2012: Shares of Expedia take off

Tremendous computer systems. On-line journey. And advertising and marketing instruments for actual property brokers.

These had been the new segments within the Seattle tech sector in 2012 as Cray, Expedia and Market Chief every noticed their inventory costs greater than double.

Typically talking, it was a stable 12 months for tech stocks, with the Nasdaq up 14 p.c on the 12 months. And people positive aspects got here even with a battered Fb IPO, a hard-fought presidential election and a looming fiscal cliff.

In Seattle, had a terrific 12 months, seeing its worth leap by 45 p.c even because it sunk to a web loss throughout the third quarter.

Microsoft continued to put up an anemic return, up simply 2.9 p.c in 2012, with many utilizing that efficiency as ammunition of their arguments that CEO Steve Ballmer ought to go.

The two worst performers within the Seattle crop: Information I/O and Motricity every noticed their stocks decline by greater than 50 p.c. Right here’s a glance again at what number of of the publicly-traded tech firms fared in 2012.

What’s in retailer in 2013? Who is aware of the place issues will go subsequent, however we’ll definitely be watching. Buyers continued to reward, despite the fact that the company posted a $274 million web loss throughout the third quarter. Some are questioning simply how lengthy Wall Avenue’s love affair with Amazon will final, and whether or not Jeff Bezos and crew will proceed to be “misunderstood” for lengthy intervals of time.

2012 shut: $250.87, up 45 p.c.

Blucora: The firm formerly known as InfoSpace had a very good 12 months because it built-in the net tax firm TaxAct, which it bought for $287 million in early 2012.

2012 shut: $15.71, up 25 p.c

Blue Nile: Issues didn’t sparkle that a lot for Blue Nile in 2012 as the net diamond retailer noticed its inventory sink, the second straight 12 months of inventory market losses. The declines got here after the corporate named Harvey Kanter as CEO in March.

2012 shut: $38.48, down 5.8 p.c.

Bsquare: It was one other robust 12 months for Bsquare, which noticed its inventory decline by double digits but once more. For the primary 9 months of 2012, the Bellevue firm squeaked out a small revenue of $220,000.

2012 shut: $2.93, down 14 p.c

Clearwire: It was a wild 12 months of ups and downs at Clearwire, ending in December when its longtime associate, Dash, agreed to buy its remaining stake for $2.2 billion. That pushed the corporate’s slumping inventory value up.

2012 shut: $2.89, up 49 p.c

Concur: The maker of journey and leisure expense administration software program carried out effectively as CEO Steve Singh guided the Redmond firm to report revenues.  It received an enormous $1.4 billion contract in June from the U.S. Common Providers Administration, overseeing on-line bookings, journey authorizations and vouchers throughout all U.S. authorities companies, a deal that despatched the corporate’s shares surging.

2012 shut: $67.52, up 33 p.c

Cray: The Seattle supercomputer maker was the top performer within the listing of Washington state know-how firms. In June, Cray announced that it received a $40 million contract to ship its next-generation supercomputer, code-named “Cascade” together with its Sonexion storage system, to the Division of Vitality’s Nationwide Vitality Analysis Scientific Computing Heart.

2012 shut: $15.95, up 146 p.c

Information I/O: Shares of Information I/O, a 40-year-old Redmond firm that makes system programming and IP administration applied sciences for the wi-fi business, tumbled in 2012 because the company cut its workers and its longtime CEO retired.

2012 shut: $1.65, down 55 p.c

Dendreon: One other unhealthy 12 months for the Seattle biotech firm whose inventory misplaced almost a 3rd of its worth. The maker of prostate most cancers remedies offered its New Jersey manufacturing facility and posted a $155 million web loss throughout the third quarter. “With our restructuring on monitor, we consider we’re in a robust monetary place and need to the long run as we meet the rising curiosity for Provenge within the market,” stated CEO John Johnson in a press release on the time of the third quarter earnings report.

2012 shut: $5.29, down 30 p.c

Expedia: The on-line journey large soared in 2012 because it bought a majority share of German journey firm Trivago and posted income that beat analysts expectations throughout the third quarter. CEO Dara Khosrowshahi stated in a convention name in October with analysts that it’s shaping as much as “be fairly a very good 12 months.” 12 months certainly.

2012 shut: $61.44, up 111 p.c

F5 Networks: The maker of networking gear noticed one other decline, the second straight 12 months of negativity.

2012 shut: $97.15, down 8 p.c.

Google: Although technically not headquartered in Seattle, the search large now employs about 1,000 individuals within the area. On condition that, we took a have a look at its efficiency in 2012.

2012 shut: $707.38, up 9.5 p.c.

Marchex: The internet advertising firm took it on the chin in 2012 regardless of efforts to split itself in two, a plan that was introduced in early November.

2012 shut: $4.11, down 34 p.c

Market Chief: Zillow grabs extra headlines within the on-line actual property area, however Kirkland-based Market Chief carried out effectively in 2012 as CEO Ian Morris nailed down new customers and boosted revenues. In a convention name with analysts earlier this 12 months, Morris famous that Market Chief was undervalued.

2012 shut: $6.55, up 138 p.c

Microsoft: It was an enormous 12 months for Microsoft, with the discharge of the Floor pill and Home windows 8. Nevertheless it was one more 12 months by which the corporate’s inventory barely budged. Prior to now 5 years, Microsoft’s inventory is down 25 p.c. Not a terrific run for Steve Ballmer, one of the explanations that traders regularly clamor for a alternative for the energetic CEO.

2012 shut: $26.71, up 2.9 p.c

Microvision: It was one other robust 12 months for Microvision.

2012 shut: $1.91, down 33 p.c.

Motricity: In 2011, Bellevue cellular software program firm Motricity posted the worst inventory efficiency of the bunch, shedding some 95 p.c of its worth. And the ache continued in 2012. The firm is at the moment weighing a reorganization plan because it faces delisting from Nasdaq. It got another dose of bad news in December when AT&T terminated a key contract, one which accounted for 42 p.c of the corporate’s income.

2012 shut: 41 cents, down 54 p.c.

RealNetworks: Rob Glaser returned to the CEO post in July, however that wasn’t fairly sufficient to resuscitate the struggling firm.

2012 shut: $7.56, up 0.8 p.c.

Zillow: Regardless of a tricky fourth quarter, Zillow nonetheless outperformed the market as an entire. The Seattle on-line actual property firm made a number of acquisitions because it expanded quickly into on-line instruments for actual property brokers, placing it on a direct collision course with Market Chief. Zillow’s inventory additionally traded above the $20 IPO value from July 2011, the final tech firm from the state to go public.

2012 shut: $27.75, up 23 p.c.

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