Fourth is Tyco Electronics (TEL Quote), a former division of the Tyco International (TYC Quote). This stock is rated D with $7.9 billion in market cap remaining after losing just over half its value this year. CEO Thomas Lynch disclosed in last week's conference call "that 2009 will be a much tougher year" and lowered forecasts of sales and earnings citing shrinkage in sales to the stalled, European auto industry.
STMicroelectronics NV (STM Quote) shares are rated D+ and are down 43.3% since December 2007 to a $7.4 billion market cap. The chips made by STMicroelectronics are components in the cars, computers and consumer products susceptible to a global slowdown. Weyerhaeuser (WY Quote), also rated D+, supplemented its forest products business with real estate construction and development. An end to the real estate recession may be needed to return Weyerhaeuser to profitability. Until then, Weyerhaeuser is closing facilities. Lastly, telecom-equipment maker Alcatel-Lucent (ALU Quote) has lost two-thirds of its value in the last year, but is still worth $5.9 billion. With declining sales forecast for full-year 2008, a return to profitability is not expected in the near term. For more coverage from TheStreet.com Ratings team, check out TheStreet.com Ratings section.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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