Bargain Basement Tech Stocks
Technology stocks have been hammered by the recession, and many of the one-time blue chips are now trading below $20 per share. Channel Insider went bargain hunting and find common items and tech stocks you can buy for less than one Andrew Jackson.
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The market isn’t being kind to printer vendors, as stocks of Lexmark and Xerox have been pounded by cuts in IT spending. It’s now cheaper to buy stock in these companies than to buy their consumables.
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Microsoft shares have started to rebound after hitting 52-week lows. But for the price of one share of MSFT, you can buy a Xbox backup battery (shipping included).
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Despite finding channel religion, Dell continues to lose ground to rival HP. Decline in PC sales has made Dell’s stock cheaper than its own mousepads.
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For the price of an average cell phone, you could buy at least 10 shares of Nokia and 30 shares of Motorola.
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The major distributors have seen a steady decline in stock value since orders started slipping in the first quarter. Now it’s cheaper to buy their stock than to ship an overnight package.
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Sun Microsystems slashed more than 6,000 jobs after declaring a $400 million-plus loss last year. It’s stock price is now roughly equal to that of a premium cup of java.
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As demand for servers and PCs slip, so to does processor sales. You can buy a share of AMD for roughly the same price as a bag of corn chips.
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For the price of four boxes of Girl Scout cookies, you can buy a share of security stock and make sure your systems are clear of tracking cookies and viruses.