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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: chic_hearne who wrote (15977)9/5/2000 1:53:48 PM
From: IceShark  Read Replies (3) of 436258
 
Ok, here is the reason on boxers:

Shares of the world's No. 1 semiconductor manufacturer slammed lower earlier in the
session on news that US Bancorp/Piper Jaffray analyst Ashok Kumar cut Intel's rating, citing
expectations for weaker sales for Intel.

Kumar also spoke bearishly of other computer makers like Dell Computer (NasdaqNM:DELL - news) and Gateway Inc.
(NYSE:GTW - news)

Intel shares -- the most actively traded on the tech-heavy Nasdaq -- plumbed the day's lows, falling $4-15/16 to $69. Dell was
off $2-5/16 at $40-3/4. On the New York stock exchange, Gateway plunged $3.58, or more than 5 percent, to $65.10.

Now, if only a few more guys would come out and say similar things. This is your cue, Dan Niles. -g-
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