Compaq Message Board - Msg: 17016991

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Technology Stocks : Compaq

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To: Captain Jack who wrote (95103)	2/5/2002 4:49:12 PM
From: Elwood P. Dowd	Read Replies (1) of 97611

Stocks Fall on Stimulus Bill's Death By Chelsea Emery NEW YORK (Reuters) - Stocks slipped on Tuesday after a swift late-day drop on word Washington's economic stimulus legislation is all but dead, and poor profit forecasts by Sprint Corp. (NYSE:FON - news) and other telecommunications firms. ``There is too much out there that is very questionable, and the stimulus package is gone,'' said Ned Collins, head of trading at Daiwa Securities America. ``It is really difficult to get someone out there to buy stocks right now. People are cynical and suspicious.'' Gold stocks surged on the back of higher gold prices as investors looked for a safe haven amid persistent worries about the honesty of Corporate America's earnings, after accounting problems led to the collapse of energy trading giant Enron Corp. (ENRNQ.PK)(NYSE:ENE - news).

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