CNN news announceda list of 10 U.S. companies with market value of the largest losses in the last decade. In particular, including those of great technologies like Intel, Microsoft …
1. Cisco
One of the companies benefit most stages late 1990s. However, Cisco has been rapidly going down. Extremely prevalent in the period (March 2000), the market value of the company at 557 billion dollars, has dropped to 132 billion dollars. Thus, in the past decade, Cisco has 425 billion deficit, even though the airline is still providing network equipment in the world.
2. General Electric (GE)
GE’s stock price has soared in the late 1990s. August 2000, GE’s market value to 601 billion dollars. However, after the glory off early on as Jeff Immelt CEO in 2001. Shares of GE slipped continuous slope. Current market value of the company at 178 billion, so in the past 10 years, GE has been 423 billion deficit.
3. Intel
Intel is a splendid famous names alongside Microsoft and Cisco. August 2000, Intel’s market value at 509 billion, its stock price stood at peak. But only a month later, Intel cuts sales forecast, shares its free-fall. Current market value of Intel’s 109 billion, 400 billion loss.
4. Microsoft
Although ranked second after Exxon Mobile to market value, but Microsoft’s stock has been significantly reduced compared with the period extremely popular. September 2000, the market value of its software at 642 billion, but so far only 252 billion, the loss of 390 billion dollars, even Microsoft has spent billions of dollars to buy back shares.
5. Nortel
Bankruptcy in January 2009, Nortel is still remembered for their achievements in the Wall Street unexpectedly. July 2000, the best time, Nortel’s market value stood at 283 billion, but due to the silly business decisions, telecommunications equipment, this company has continued to welcome the island and eventually to bankruptcy .
6. Lucent
In 2006, Lucent and Alcatel have merged, but the accounting fraud of telecom operators still be “handed down” until now. Extremely popular at the time, on December 2009, Lucent’s market value is 285 billion USD, up to now only 11 billion.
7. AIG
Hack Gmail service pay award for 2009, great insurance AIG has a market value of about $ 3 billion, 239 billion to take over very prosperous period (March 12/2000). The U.S. government spent 180 billion to AIG to save the company and are looking to pay all creditors.
8. AOL
Mergers in 2000 with Time Warner’s AOL has made working stock slope. With capitalization in December 1999 on the 222 billion, AOL has only to $ 3 billion, 219 billion loss.
9. ExxonMobil
Although take up to 192 billion compared with peak period (12/2007), is still 317 billion, but shares of Exxon Mobil mainly sharp reduction in the market, unlike other companies which slide slope direction by way of business mistakes.
10. WorldCom
Bankruptcy on 6/2002 left by fraud and accounting procedures, the market value of the group supplying the services U.S. long-distance telephone one time point to 186 billion dollars. Former CEO Bernie Ebbers was said then 25 years in prison. Bankruptcy has caused 20,000 people lost jobs.







