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Technology Stocks : Intel Corporation (INTC)
INTC 41.41+2.2%Dec 5 9:30 AM EST

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To: GVTucker who wrote (161436)3/7/2002 5:16:07 PM
From: wanna_bmw  Read Replies (1) of 186894
 
GV, Re: "none of y'all believe me that it's a mild disappointment"

After the Bell - Intel falls, Sun Microsystems gains
NEW YORK, March 7 (Reuters) - Technology stocks were mixed in extended trading on Thursday following financial guidance from chip giant Intel Corp. (NasdaqNM:INTC - news) and Sun Microsystems Inc. (NasdaqNM:SUNW - news) that came after major stock markets closed.

Intel slipped to $32.70, after falling as low as $32.25, from its close of $32.98 after the No. 1 chipmaker raised the range of quarterly revenue guidance it gave in January. Intel said shipments of microprocessors were following seasonal patterns.

The outlook disappointed some investors, who had hoped for better news.

Sun Microsystems jumped to $9.03 from its close of $8.83 after the network computer maker's chief financial officer said the firm still expects ``progress'' toward its goal of a fourth-quarter profit, and that fiscal third-quarter revenue will likely be higher than the previous quarter's sales.

The Nasdaq 100 after-hours indicator, which represents trading in a basket of the 100 largest non-financial stocks traded on Nasdaq, rose 2.81 points, to 1,509.62.

biz.yahoo.com

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