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Technology Stocks : Intel Corporation (INTC)

INTC 43.48

+8.6%

3:59 PM EST

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To: Joseph Pareti who wrote (118969)	11/22/2000 4:59:11 PM
From: Joseph Pareti	Read Replies (1) of 186894

NEW YORK (CBS.MW) - Stifled by mounting worries that a softer economy will take a larger-than-expected bite out of corporate profits, tech stocks got slammed Wednesday, sending the Nasdaq to its lowest close since October 19, 1999. "Tech stocks are falling just as fast as they were rising late last year and early this year. It's hard to find a positive catalyst," said Joe Liro, equity strategist at Stone & McCarthy Research Associates. TRANSLATION "investors" are just clueless now as they were 12 months ago; then, the street kept the mouth wide open to swallow the crap the analyts were shoveling in; Now they throw out the baby with the bath tub. The subtle difference in the game is, that folks like Mary Meeker made $10M + a year as a bonus for outstanding crap shoveling.

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