Composite index rises 8.92 points to set a record
Article Abstract:
The Nasdaq Composite Index jumped 1.3 percent, or 8.92 points, to close at an all-time high of 695.70 on Jan 14, 1993. Advancing issues outnumbered decliners 1,592 to 1,058 on a National Market System volume of 244.8 million shares. On the heels of a glowing profit statement released by Intel on Jan 13, traders expressed renewed hope for the earnings prospects of computer-related firms. Intel climbed 2-5/8 to 112-2/4; Xilinx, which makes programmable logic devices, advanced 4-3/8 to 30-1/8; and software publisher Parametric Technology leaped 5 to 58-1/2. Parametric stock, in particular, was pushed up by a trend for short sellers to rid themselves of losing positions. On the Big Board, Motorola advanced 10-7/8 to 123-1/4, Wellfleet Communications advanced 4 to 45-1/2, and Apple rose 1-1/2 to 65.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1993
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Microsoft stock sold in April by chairman
Article Abstract:
Microsoft Chmn William H. Gates III sells 500,000 shares of Microsoft common stock at prices ranging between $100.50 and $103 each. The entire transaction, which took place over three days in late Apr 1991, is valued at $51 million. Previously, between Oct 1990 and Feb 1991, Gates sold 1,050,000 shares, but industry observers are unconcerned. Even after the latest sale, they note, Gates holds more than 38.8 million shares of Microsoft's stock, valued at about $4.2 billion. Observers also contend that Gates is wise to dispose of some of the stock in order to diversify his investments.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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Software stocks lead index higher after early jitters; volume is light
Article Abstract:
The Nasdaq Composite Index was buoyed by computer software companies on Jun 1, 1992, especially Microsoft Corp, which gained $3.25 a share to close at $124.25, and Borland International Corp, which gained $2.25 a share to close at $52.50. The Nasdaq 100 Index, which includes Borland and Microsoft, ended up 7.37 points, or 1.17 percent, to close at 637.96. Computer networking companies also enjoyed a surge in price and analysts point out that they will continue to be the bright spot in the computer industry, regardless of the computer price wars happening elsewhere.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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