Of these 15 US Internet Software & Services Companies, 11 of them also had their common stocks trading on each of the following three dates:
- On December 31, 2007 during President Bush's second term
- On March 6, 2009, very early in President Obama's first term, which was their lowest point due to the spillover effects resulting from the 2008 financial meltdown, and
- also on the most recent date February 10, 2014.
The historical common stock prices of these companies were obtained from the following two excellent internet resources.... Google Finance and MarketWatch Big Charts.
These 11 largest US Internet Software & Services Companies having their common stocks trading on each of the above three dates had their average stock prices drop by a huge 56% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.
But in the slightly less than five years since March 6, 2009, the average stock prices of these same 11 largest US Internet Software & Services Companies have increased by a very robust 353% through February 10, 2014, led by Nevada-based VirnetX Holding and Florida-based Ultimate Software Group both experiencing stock market price growth above 1,000%.
Clearly, the investors in and employees of a clear majority of these 11 largest US Internet Software & Services Companies must be pleased with the impact of actions taken by both the Obama Administration and the US Fed to successfully rescue the US economy from its extremely weakened state.
Below here are the stock market prices of each of these 11 largest US Internet Software & Services Companies having their stocks trading on February 10, 2014, on March 6, 2009, and also on December 31, 2007:
Market | Market | ||||||
Price | Price | ||||||
% | % | ||||||
Change | Change | ||||||
Market | Market | Market | 3-6-09 | 12-31-07 | |||
Price | Price | Price | to | to | |||
Internet Software & Services Company | HQs | 2-10-14 | 3-6-09 | 12-31-07 | 2-10-14 | 3-6-09 | |
VirnetX Holding | Zephyr Cove | NV | 17.06 | 1.15 | 5.88 | 1383% | -80% |
Ultimate Software Group | Weston | FL | 158.71 | 13.19 | 31.47 | 1103% | -58% |
Dealertrack Technologies | Lake Success | NY | 46.15 | 9.66 | 33.47 | 378% | -71% |
Equinix | Redwood City | CA | 189.93 | 42.95 | 101.07 | 342% | -58% |
Internap Network Services | Atlanta | GA | 7.94 | 2.42 | 8.33 | 228% | -71% |
Ixia | Calabasas | CA | 12.92 | 4.36 | 9.48 | 196% | -54% |
j2 Global | Los Angeles | CA | 45.61 | 18.62 | 21.17 | 145% | -12% |
Geeknet | Fairfax | VA | 17.97 | 8.80 | 24.50 | 104% | -64% |
Support.com | Redwood City | CA | 2.69 | 1.78 | 4.45 | 51% | -60% |
Vocus | Beltsville | MD | 11.92 | 13.17 | 34.53 | -9% | -62% |
Digital River | Minnetonka | MN | 16.37 | 25.53 | 33.07 | -36% | -23% |
Average % Change all 11 | 353% | -56% |
And in the chart below are the stock market prices on February 10, 2014 and on the close of the first trading date of the 4 additional US Internet Software & Services Companies with current Total Market Capitalizations of at least $100 mil each and which didn't have their common stocks trading on December 31, 2007:
Closing | ||||||||
Month | Price | |||||||
Of | On | |||||||
Market | First | First | ||||||
Price | Trading | Trading | % | |||||
Internet Software & Services Company | HQs | 2-10-14 | Date | Date | Change | |||
Angie's List | Indianapolis | IN | 17.26 | Nov 2011 | 16.26 | 6% | ||
Tremor Video | New York | NY | 4.32 | Jun 2013 | 8.50 | -49% | ||
QuinStreet | Foster City | CA | 6.74 | Feb 2010 | 15.00 | -55% | ||
Demand Media | Santa Monica | CA | 5.58 | Jan 2011 | 22.65 | -75% |