Stock prices end mostly higher, despite rout in technology issues
Article Abstract:
Jittery investors pushed technology stocks down even though most issues closed higher on Jan 25, 1995. The Dow Jones Industrial Average climbed 8.75 to 3871.45, the New York Stock Exchange Composite Index edged up 0.71 to 254.41, the Standard and Poor's index advanced 1.58 to 467.44 and the American Stock Exchange Market Value Index grew 1.12 to 438.52. Meanwhile, technology issues pushed the Nasdaq Composite Index down 2.22 points to 760.98. Investors' fears that technology stocks are in for a lackluster 1st qtr 1995 were fueled by Compaq's reporting of less-than-expected earnings in 4th qtr 1994. Compaq slid 5 to 37-3 8 in extremely heavy trading while Storage Technology stock slid 3-5 8 to 22-3 8. IBM tumbled 1-5 8 to 72-3 8 while Network Systems Corp plunged 2-5 16 to 5-1 4. Dell Computer lost 1-7 8, to 42-3 4, while Microsoft toppled 17 64 to 61-3 4. Lotus climbed 2-15 16 to 43-9 16 after reporting very strong sales of communications software in 4th qtr 1994.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1995
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High-tech ills tied to corporate demand; firms are said to await new, upgraded computers
Article Abstract:
Analysts suggest that the drop in stock prices throughout the technological sector is due primarily to reticence in the usually-constant corporate market. Some securities experts insist that the long-sustained boom in technological stocks is declining because of an inevitable drop in the PC market, but computer industry experts insist the problems can be traced to diminished corporate activity. Corporations are likely awaiting the introduction of upgrades to Windows 95 and Windows NT before investing heavily into new systems. Also, a majority of business systems still operate with 486 processors, and these are not powerful enough to adequately run Windows 95. Compaq announces price reductions in business computers of as much as 20%, in the wake of industry-wide declining stock prices, and others are expected to follow.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1996
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Cobalt Networks Inc. initial offering could be a hit for former Intel executive
Article Abstract:
The initial public offering of Cobalt Networks Inc. is expected to be a big hit and produce big gains for its chairman and co-founder, Gordon A. Campbell. The company makes a new type of computer called an 'appliance server,' a specialized machine that allows customers to perform single tasks without the complications of using a full-blown PC server. The interest in the IPO is related to the fact that Cobalt uses the free Linux operating system as its primary software. Cobalt has filed to sell five million shares at a tentative price of between $14 and $16.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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