Mobile Internet Index: 6 Month Performance Review

On his August 11, 2009 show, Mad Money host Jim Cramer unveiled his own stock index tracking the key players in the mobile internet revolution. Cramer created this list of 21 stocks to gauge the mobile internet trend – which he believes will be as large as the personal computer revolution was in the 1990’s.

Over the last 6 months since Mr. Cramer unveiled his mobile internet index, the Dow Jones Industrial average has gained 1,000 points or 11%. The technology-focused Nasdaq index is up 12% in the same time frame. So how has the Mobile Internet Index performed?

Unfortunately, the last 6 months has to be considered a mild disappointment for the mobile internet index. The index as a whole is up 9.6% during that time, but has underperformed the 12% gain in the Nasdaq.

The Mobile Internet indexes performance has been weighed down by a couple of extremely poor performances. The worst performer in the index, Palm (PALM: 0.00 N/A), has lost over half its value in the last 6 months. Tessera Technologies (TSRA: 19.34 -1.02%) stock has fallen over 30%.

While the overall index performance has been disappointing, there have been some stellar individual stock performances. Sandisk (SNDK: 47.01 +2.40%) is up an amazing 65% over the last six months. Starent Networks (STAR: 0.00 N/A) shares have soared over 56% since last August. In fact, 14 out of the 21 stocks have posted 6 months gains with 12 of those 14 stocks delivering double digit gains.  

The big names of the index, like Apple (AAPL: 475.6918 +1.46%), Google (GOOG: 609.97 +0.53%) and Cisco Systems (CSCO: 20.34 +0.69%) have also outperformed the broader market indexes with Apple leading the way with a 21% gain.