Top 10 companies losers of the year

Yield CBS MoneyWatch made a rating of companies that have shown the most shameful results of up to 2011.

In 2011, the clouds thickened over ten once successful companies / shutterstock.com

Remarkably, all these companies at one time headed the rankings of the most successful in their field. However, due to short-sighted policy of its leaders could not resist not to mention at the top, but sometimes just to survive.

A. Kodak

In eight years as CEO of Kodak, Antonio Perez was unable to take the company to new horizons. During this time, the shares lost 97% of the price.

Two. Research In Motion

Just three and a half years ago, RIM has been among the most successful. But since April, when they were running on the smartphone platform Android, the company's products began to enjoy much more less in demand. The company's shares for the year fell by 83%.

Three. First Solar

Hard to believe that less than a year ago, Forbes named First Solar fastest growing technology company in the United States. But the company's shares have dropped significantly in price this year due to lower demand and a general glut of the market by Chinese counterparts of solar panels.

4. Netflix

The American company, a provider of technology for streaming media, has lost more than a million subscribers. Shares fell in price by 78%.

Five. Alcatel Lucent

When Alcatel and Lucent merged in 2006, experts predicted the rapid growth of these two legendary companies. However, after billions of dollars of losses the company's shares have fallen by 79%.

6. Bank of America

Ex-CEO of the largest U.S. bank Ken Lewis made a fatal error in the administration, after which the bank began to pursue a setback after another. Bank of America shares fell in price by 67%. But the loss of reputation - much more frightening.

7. Sprint Nextel

One of the largest telecommunications companies in the world could not get out of the crisis after the arrival of the post of CEO Dan Hesse. For 9 years, his work Sprint has lost about $ 9 billion. The company's shares for the year fell by 67%.

Eight. Sony

The losses of the company for three years amounted to $ 4.5 billion. The company's shares are traded in 18-year low, falling in price during the year by 55%.

9. Nokia

Nokia missed the fateful transition from a mobile phone to your phone and lost the market. As a result, the share price of this mobile giant fell to a 14-year low - 62% per year.

10. Hewlett-Packard

After a series of changes of CEO Hewlett-Packard has become a real loser. Its shares have lost 49% of the price.