Even in tough times, some companies are simply impressive in the way they fail to impress
4:15 PM -- It's tough to tell how companies are doing just by looking at a stock screen. But some screens make us wonder: Why is this company so unpopular, even relative to all the carnage on Wall Street this week?
Here's a sampling of the technology sector, with 16 not-so-sweet names I picked out for having two characteristics. First, their book value per share is higher than their current share price. Second, their market capitalization is lower than their current cash and investments.
And, while the S&P 500 is down around 40 percent so far this year, all but one of these companies has suffered a 60-plus percent share price drop.
Hold your nose, here are the Un-Sweet 16:
Table 1: Troubled Companies?
Stock Ticker | Company Name | Book Value per Share ($) | Curr. Price | Market Capitalization (mil.) | Cash & Cash Equivalents ($ mil.) | Price Chg. - YTD (%) |
ADCT | ADC TELECOMMUNICATIONS INC. | 9 | 4.66 | 549 | 656 | -70.03 |
AIRN | AIRSPAN NETWORKS INC. | 1 | 0.18 | 11 | 26 | -89.77 |
CALL | CALLWAVE INC. | 2 | 1.08 | 23 | 30 | -65.16 |
CIEN | CIENA CORP. | 11 | 7.75 | 700 | 873 | -77.28 |
FTWR | FIBERTOWER CORP. | 2 | 0.41 | 62 | 172 | -82.02 |
WAVE | NEXTWAVE WIRELESS INC. | 1 | 0.25 | 26 | 41 | -95.35 |
NT | NORTEL NETWORKS LTD. | 5 | 1.19 | 591 | 3,071 | -92.11 |
OPWV | OPENWAVE SYSTEMS INC | 2 | 0.75 | 62 | 196 | -71.15 |
PRXM | PROXIM WIRELESS CORP. | 0 | 0.19 | 4 | 5 | -80.81 |
RDCM | RADCOM LTD. | 2 | 0.91 | 4 | 5 | -68.84 |
SOAP | SOAPSTONE NETWORKS INC. | 7 | 2.71 | 40 | 101 | -65.83 |
UTSI | UTSTARCOM INC. | 5 | 1.98 | 249 | 254 | -28 |
VRAZ | VERAZ NETWORKS INC. | 1 | 0.73 | 31 | 31 | -84.85 |
VOCL | VOCALTEC COMMUNICATIONS LTD. | 1 | 0.24 | 2 | 4 | -70.73 |
WSTL | WESTELL TECHNOLOGIES INC. | 1 | 0.44 | 25 | 60 | -69.44 |
ZHNE | ZHONE TECHNOLOGIES INC. | 0 | 0.15 | 23 | 44 | -87.18 |
— Phil Harvey, Editor, Light Reading
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