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by 12/15/1999 9:01 AM
Stocks quoted in this article:
Cisco Systems (CSCO - 97-15/16) announced this morning that its quarter-to-quarter net sales growth during the upcoming years may be slower than the company's historical rate of ascent in this figure. Subsequently, the company added, earnings results for the upcoming terms will be hard to predict. CSCO shares are only down marginally in pre-session activity.
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by 12/14/1999 5:27 PM
Stocks quoted in this article:
3Com (COMS - 50-5/8) announced today that Motorola (MOT - 119-3/8) would take a minority stake in 3Com's Palm Computing unit and that MOT would license the Palm operating system. COMS volume today was a beefy 29.8 million shares versus 6.6 million shares yesterday. The 13 percent rise in the 3Com's stock price was evident in the option activity as well. The January 50 call traded about 18,000 contracts today versus open interest if 6,279 contracts heading into today. Investors apparently viewed this as an endorsement for the Palm technology. MOT investors were unable to escape the slide in technology shares and finished lower by seven percent.<
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by 12/14/1999 4:12 PM
Stocks quoted in this article:
After today's closing bell, Oracle (ORCL - 76-15/16) reported second-quarter earnings of 26 cents per share, topping Street earnings expectations of 22 cents per share. Despite this positive fundamental news, the stock closed today's trading below its 10-day moving average for the first time since December 1. For the day, ORCL was down 2-15/16, or 3.68 percent. In after-hours action, though, the equity has moved ahead to hit 79-3/4.<
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by 12/14/1999 3:53 PM
Stocks quoted in this article:
The two worst performers in the S&P 100 Index (OEX - 757.81) are both semiconductor stocks. This unenviable distinction belongs to National Semiconductor (NSM - 41-7/8) and Texas Instruments (TXN - 96-3/8), both off over nine percent on the day. Not surprisingly, the PHLX Semiconductor Index (SOX - 590.0) is currently today's worst performing index, down almost seven percent. <
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by 12/14/1999 3:45 PM
Stocks quoted in this article:
The sectors that are rallying today are indicative of fear from a strong economy. The PHLX Forest and Paper Products Index (FPP - 353.49) , the S&P Chemicals Index (CEX - 474.15), and the PHLX Oil Service Sector Index (OSX - 71.99) are the leading indices with returns of 5.4 percent, 2.8 percent, and 2.4 percent, respectively. It should be noted that each of today's leaders has been generally poor performers in the last few months. Brining up the back of the pack are the technology names with the PHLX Semiconductor Index (SOX - 594.9), the AMEX Disk Drive Index (DDX - 91.68), and the PHLX Gold and Silver Index (XAU - 62.87) which are -5.7 percent, -4.3 percent and -3.2 percent, respectively. Oddly, the XAU cannot find friends, even as the specter of inflation looms.
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