NEW YORK (TheStreet) -- Tech stocks fell out of favor this week as the Nasdaq lost 4% since Monday. Not all the shops deserved the beating, but here are 10 that may have had it coming.
No. 10: Sprint S
With customers leaving at a rate of 1 million a year, nobody sheds subscribers like Sprint, whose CEO Dan Hesse is pictured above. The ruin of Nextel still leaves a bad odor around Hesse's shop, but there's a great effort to get you to focus on some of the sweeter smelling areas of Sprint. For example, Google GOOG Android phones like the HTC EVO have been sold out. And pushing a flavor of 4G certainly could help restore some glory. But Sprint is still far from pretty cool.
No. 9: TiVo TIVO
Great product, 10 years ago. Then everyone got a DVR and TiVo spent a decade in court defending its technology, striking agreements, winning settlements and suffering reversals. Today's TiVo feels less like a tech company and more like a vehicle in court battle that's always one legal decision away from elimination or victory.
To see the remaining 8 stocks, head over to TheStreet.com
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: NewsMarketsApplication SoftwareInformation TechnologyInternet Software & ServicesTelecommunication ServicesWireless Telecommunication Services
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in