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Technology Stocks : Intel Corporation (INTC)
INTC 40.34-2.6%Dec 8 3:59 PM EST

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To: Amy J who wrote (144660)10/3/2001 4:29:05 PM
From: Tony Viola  Read Replies (1) of 186894
 
Amy, >Thread, why is the market up so much today? This is great:
CSCO +21.52%
INTC +8.65%


You said it: Cisco (Briefing):

13:02 ET Networkers : Cisco (CSCO 13.20 +1.72) news obviously benefitting Cisco specifically and the Nasdaq generally, but also helping other networking companies, particularly those with enterprise exposure that was thought to be a burden after the Sep 11 attacks: EXTR +1.58, FDRY +0.67, RSTN +0.75, FFIV +0.72.

12:56 ET Nasdaq Rally : Nasdaq spikes to +64 after Cisco (CSCO 12.80 +1.32) CEO Chambers says company is comfortable with consensus estimates.

12:53 ET Cisco Systems (CSCO) 12.22 +0.74: -- Update -- Hearing the company is seeing "linear" orders through current quarter; saw a "moderate" disruption due to the September 11 attacks. Company comfortable with consensus estimates.

12:51 ET Cisco Systems (CSCO) 12.13 +0.65: -- Update -- Company's management currently presenting at a Goldman Sachs conference; hearing the focus is on long-term productivity enhancing dynamics; company says it will likely be restructuring its internal incentive program to address current market conditions; objective is to continue to take market share whether the aggregate market contracts or expands; stock trading towards its best levels of the session.
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