Richard said: "A post like mine is to find out what is going on with AMD. Since I posted AMD has dropped further. It has been on a serious decline. There has to be a reason."
Heres your reason.. no grassy knoll here:
"Stocks slide as companies fall short of profit estimates"
U.S. stocks fell after Eastman Kodak and Lexmark International said second-half profits will miss expectations.
"The concern is that earnings are going to be disrupted not only for this quarter but for the next several, as the economy slows, the euro (declines) and oil prices" remain high, said Anthony Dwyer, chief market strategist at
Kirlin Holding in Syosset, N.Y. "People don't want to hold stocks that might blow up."
The Dow Jones industrial average dropped 133.92,
or 1.30 percent, to 10,674.23, with Kodak accounting
for more than half the loss. The Standard & Poor's 500 index lost 6.13, or 0.40 percent, to 1,432.90. The Nasdaq composite index fell 13.96, or 0.40 percent, to 3,727.26.
technews.netscape.com |
