Intel warns; investors just yawn
Article Abstract:
Intel has joined a long list of technology companies that warned that their results would fall short of expectations. On Dec 7, 2000, Inel announced that its 4th qtr FY2000 revenue will not grow at all from the 3rd qtr. The nonperformance is attributed to the fact that large customers have canceled orders amid softening worldwide demand for both consumer and business PCs. Despite the warning, investors took the news calmly. Thus, Inel shares went down by only 19 cents to $32.13 in after-hours trading on MarketXT.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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Xerox stock dives on fears of cash crunch
Article Abstract:
Xerox shares plummeted by almost 26% on Oct 16, 2000. The drop was due to the company's failure to reassure investors that it is not suffering from a cash crunch and after rumors circulated that Xerox would seek bankruptcy protection. The largest manufacturer of copier machines, which has seen its stock drop 75% in 2000, experienced a nine-year low of $7.75 on the New York Stock Exchange after investors drove its shares down $2.69.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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Parts shortage threatens supply of consumer electronics
Article Abstract:
A shortage in consumer electronics is predicted in late 2000. This forecast was made after receiving complaints from manufacturers that they are experiencing shortages in tiny, inexpensive components such as capacitors, resistors and connectors, which is hindering them from making their products. Consequently, prices of consumer electronics will increase dramatically because of the small supply.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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