INGATE

From The Sip Trunking Experts

TMCNet:  Apple's plunging stock price takes company out of $500 billion club

[November 15, 2012]

Apple's plunging stock price takes company out of $500 billion club

CUPERTINO, Nov 15, 2012 (San Jose Mercury News - McClatchy-Tribune Information Services via COMTEX) -- Apple's (AAPL) market capitalization dipped lower than $500 billion for the first time in almost six months, falling out of a select club that it joined for the first time earlier this year.


Apple became only the sixth company in U.S. history to attain a market cap -- the total value of all shares in a company -- higher than $500 billion in February, and had stayed above that level since mid-May. In that time, Apple's market cap passed $600 billion and established a record for the largest market cap in U.S. history, without adjusting for inflation: At its peak intraday price of $705.07, the Cupertino tech giant had a market cap of $663.3 billion.

However, since hitting that peak price on Sept. 21, the day the company launched the iPhone 5, Apple stock has taken a nose-dive amid analyst angst and consumer disappointment with the company's iPad Mini launch and iPad refresh, declining market share in tablets, an executive shake-up that axed a respected software executive, and production problems causing delays in iPhone 5 shipments. From the end of trading on Sept. 21 to Wednesday's close, Apple stock had fallen 23.9 percent, which investors consider "bear market" territory.

In Thursday morning's trading session, Apple shares fell as low as $525.25, for a market cap of $494.1 billion; at 9 a.m. Pacific time, shares were trading for $526.02, a loss of 2 percent.

Other companies that attained the rare market cap level also fell back rather quickly. Four companies -- fellow Silicon Valley technology giants Cisco (CSCO) and Intel (INTC), software rival Microsoft and General Electric -- surpassed a $500 billion market cap in the heady days of the dot-com boom, in 1999 and 2000, but dropped out rather quickly when the dot-com bust sent tech stocks reeling. Oil giant Exxon Mobil attained a market cap north of $500 billion twice in 2007, but has not matched that mark since.

Apple remains the most valuable company in the United States in terms of market capitalization, with Exxon Mobil trailing with a market cap less than $400 billion.

Analysts believe Apple will bounce back: Of 54 analysts tracked by MarketWatch, none believe investors should sell the shares and only six rate Apple a "Hold." The average price target of the analysts -- the price at which they believe investors should sell the stock for maximum return -- rested at $774.44 Thursday.

Contact Jeremy C. Owens at 408-920-5876; follow him at Twitter.com/mercbizbreak.

___ (c)2012 the San Jose Mercury News (San Jose, Calif.) Visit the San Jose Mercury News (San Jose, Calif.) at www.mercurynews.com Distributed by MCT Information Services

[ Back To SIP Trunking Home's Homepage ]

Loading
Subscribe here for your FREE
SIP TRUNKING enewslettter.

Featured Partner


Featured Whitepapers

SIP Security for the Enterprise
Voice over IP (VoIP) is incorporated into a variety of computer networks, both public and private, and used for everyday transactions and communications among carriers, businesses, government agencies...

Making A Broadband Purchase Decision
Businesses today have many options for broadband connectivity. Clarifying your particular business needs prior to selecting a broadband provider will ensure an optimal match of broadband service to your requirements.

Voice-Optimized Network Delivers Premier Call Experience
Customers equate call quality with business quality. Real-time communication, interpersonal interaction, and the cordial tone of a call center representative can create a positive impression of your business that no email can match.

Featured Case Studies

Business Telecom Expenses Reduced 50%
A small to medium sized company in the midwest was interested in migrating to IP Communications, but in today's economy, they were hesitant to upgrade their communication system due to their perception that the cost would outweigh the benefits.

Multi-State Company Cuts Telecom Costs 50%
A multi-site, multi-state company with extensive monthly long distance fees and toll-free charges did not have adequate broadband for Broadvox SIP Trunking requirements, nor did they have a SIP enabled telephone system.

Discover Leisure Connects Remote Users to its IP-PBX
Discover Leisure is one of the largest resellers of caravans and motor homes in the UK. With 15 branch of?ces all over the country, the company spent a great deal of money every month just on internal phone calls.

Featured eBOOKS

Internet+: The Way Toward Global Unified Communication
Connecting the telephony of the enterprise PBX or Unified Communications (UC) system using SIP trunks instead of conventional telephone lines has been very successful in recent years.

What is SIP Trunking? Edition 2
SIP trunking is becoming more of a focus for service providers. One key issue many service providers face when deploying SIP trunks is NAT, or Network Address Translation, traversal.

What is SIP Trunking? Edition 1
A vast resource for information about all things SIP - including SIP, security, VoIP, SIP trunking and Unified Communications.

Featured Videos

Broadvox VAR Testimonial VAR 1:
Part 1 of the VAR (Value Added Reseller) Partner Program Testimonials for Broadvox...

E-SBCs AS The Demarcation Point:
Ingate's Steve Johnson talks to Erik Linask about the role session border controller plays as the demarcation point at...

Demystifying DPI
How can deep packet inspection protect your SIP traffic as well as your entire network?

Featured Resources

Partner Program Overview:
Over 4,000 VARs, Master Agents, Solution Providers, and Independent IT Professionals trust Broadvox. We offer customized services and solutions to fit seamlessly into any company's business model. And when you partner with Broadvox, every member of our team stands behind you and your customers 100%...

SIP Trunk UC Summit

What's New

Presenting the New Ingate/Intertex Website:
Internet+ is an extended Internet access allowing high quality SIP (Session Initiation Protocol) based real-time person-to-person communication, everywhere and for any application. It applies to both fixed and mobile networks ...

Featured Blogs

Featured Webinars

Secure SIP Trunking:
What You Need to Know

Successfully Deploying Enterprise SIP Trunking:
Tools and Techniques for Overcoming Common Roadblocks

Featured Podcasts

Getting the Most Out of Your SIP Trunks:
Ingate's Steve Johnson and TMC's Erik Linask discuss how best practices forgetting the most out of SIP Trunking services and common pitfalls to avoid.

Featured Datasheets

Ingate SIParator E-SBCs
Adopting SIP is a simple process with the Ingate SIParator, the secure enterprise session border controller (E-SBC). The SIParator makes secure SIP communications - including VoIP,SIP trunking and more - possible while working seamlessly with your existing network firewall.

Ingate Firewalls
Everyone is talking about enterprise usage of VoIP, instant messaging and other types of realtime communications including presence and conferencing.

SIP Trunk Solutions for Service Providers
The award-winning Ingate Firewall and Ingate SIParator deliver a high quality, reliable SIP trunk connection between the customer's IP-PBX and the service provider network, and solve interoperability issues to simplify deployments and support for remote diagnosis of reported issues.