In Pictures: When Tech Titans Fall from Grace

Here's our list of 14 once-elite tech companies that fell off their pedestals due to unforeseen circumstances, arrogance, ineptitude, or all of the above.

Nokia Lest you forgot, Nokia was the world's largest vendor of mobile phones from 1998 to 2012. But over the past five years Nokia has been on the decline due to the iPhone and smartphones running Android. In late 2007, Nokia's share price was $40 -- now it sits at around $4. An exclusive deal with Microsoft in 2011 to run the Windows Phone OS on nearly all Nokia phones (and kill off aging Symbian) has not led to any mobile market share gains for either company.

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