While not perfect, the 2016 stock return relative to that of other technology companies is a good baseline for assessing who was a winner and who was a loser. 2

While not perfect, the 2016 stock return relative to that of other technology companies is a good baseline for assessing who was a winner and who was a loser. 2016 equity performance is an excellent indicator of how NEW information impacted the long term prospects of these companies relative to consensus expectations.