Wednesday was proving to be another tough session for Internet stocks, which remained mired in negative territory. It was particularly ugly for many sector leaders which are now more than 50 percent off their 52-week highs.
At 12:30 p.m. Eastern, internet.com's Internet Stock Index had dove 45.65, or 6.54 percent, to 652.87, the Nasdaq Composite had fallen 174.77 to 3,410.24 and the Dow Jones industrial average was off 115.15 to 10,421.60.
Cisco Systems Inc., had fallen 4 to 58-3/4. The networking giant's CEO John Chambers cautioned Tuesday that the company is experiencing difficulty obtaining parts for a substantial portion of its product line. Chambers said a prolonged period of shortages could hurt the company's bottom line and cause fiscal fourth quarter results to suffer.
Cisco Systems News - Topix::
continually updated from thousands of sources around the net. Sends Tech Cisco up after results; Priceline, Whole Foods shares tumble. Cisco
http://www.topix.com/com/cisco-systemsHOME |
Several other stocks continued to receive a battering, including eBay Inc., falling 9-3/16 to 112, Yahoo! Inc., off 2-15/16 to 114-1/2, Commerce One, losing 4-1/2 to 43-1/4 and CMGI Inc. had shed 2-13/16 to 53-13/16.
NBR.com - Where America Turns for Business News::
150. A rough day for tech stocks, especially for the stock of Cisco Systems. Emmis Communications (EMMS) tumbling 10 1/16. The company plans to buy 15
http://www.nbr.com/archive/transcript/2000/trnscrpt050800.htmHOME |
EC Pokes Around OOXML @ XML JOURNAL::
The European Commission has started poking around the rough-and-tumble of the standardization process looking for evidence that Microsoft broke anti-competitive
http://xml.sys-con.com/read/503456.htmHOME |
The day was also proving rough for Amazon.com Inc., off 4-5/16 to 51-15/16, Broadcom Corp., losing 12-15/16 to 149, Checkpoint Software, off 10-11/16 to 149-1/2, Inktomi Corp., losing 7-3/4 to 118-9/16, Juniper Networks, falling 18-7/8 to 158-1/8 and VerticalNet was off 5-1/16 to 39.
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Cisco Sends Net, Techs Tumbling