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Circuit City, Bleeding to Death, Receives Takedown Warning from NYSE
Posted by Gizmodo US Edition at 5:25 AM on November 1, 2008
Even more bad news for the beleaguered Circuit City: in addition to having Sony stop their shipments to the store, they've now been informed that because their stock price has averaged below $US1 for the past 30 days on the NYSE, the stock is in danger of being delisted from the exchange. In a few days, their ticker symbol (CC) will be marked with the dreaded ".bc" indicator on the end, which means they're not meeting NYSE standards. The company has ten business days to come up with a plan to raise their average stock price above $1 within the next six months or they could be delisted for good. Watch for CC's proposal to officially move Black Friday to...next Friday. [CNN via CrunchGear]
A clever cutout may suffice to scare the kids, but if you want your pumpkin to scare adults, consider putting down the carving set and picking up a soldering iron and a couple of 5x7 LED matrix arrays. Why? Because this tiny pumpkin displays the most frightening face of them all—the twisted horror of a 401K plan hemorrhaging funds. My guess is that if you have the know-how, this amusing concept could be scaled up fairly easily for maximum impact. Hit the link for instructions on how to build your own version. [
As if we didn't have enough with the stock market going down in flames on its own, computers have decided to screw them a little bit more and make everyone go "WTF" for a few minutes this morning. After dropping around two hundred gazillion points yesterday, today the Dow Jones industrials saw another drop of 700 points, which was suddenly reduced to 125 and then went down again. Everyone thought "rebound" for a second there, until they realised what was really happening.
At probably like the worst time ever for your stock to plummet harder than a meteor on a collision course with Bruce Willis, a glitch knocked $US200 off of Google's stock price—that's half—in the span of four minutes as the markets were closing today. $US62 billion. Erased. In four minutes. The glitch has been fixed, bringing it back to the correct price of $US407, but some trades actually did go through at the bargain basement price. While they'll 
The Wall Street Journal today is reporting that the Justice Department has concluded its criminal investigation into Apple's stock backdating shenanigans once and for all. Everything's coming up Jobs!
Bow to Walter the Merciless, for he definitely influences the market and can decide if a product is worthy of living or not. At least according to "The Value of Quality: Stock Market Returns to Reviewed Quality of New Products," a new research paper that has analysed Mossberg's product reviews and their effect on companies' valuations during a 10-year period. The conclusion: He could make stock prices tank or soar by as much as 10%. And that's without using his mental control powers.
When your company earnings nose dive 84% in the fourth quarter and you issue a warning that the recovery will take longer than expected, It is not all that surprising that the reaction on Wall Street will be swift and brutal.
This graph charts the market caps of Apple and Dell over the last 10 years. We'll just call these numbers "The iPod Effect." And according to stock values, the iPod didn't exist until 2005. Show of hands—who out there is still holding a boatload of Apple stock from 2004? And can we borrow 5 bucks for lunch? [
The Ambient Devices Market Maven can pull DJIA, NASDAQ and S&P 500 data every 15 minutes, over FM sub bands, without service charges. Cool, if you're not obsessively needing stock updates every minute. But then again, if you're not, its kind of hard to justify the $125.
