Soooooooooo, what's holding this pos up today, the buyback program or is it just that sometimes turds float???
El
H-P bucks declining PC, chip stocks
By August Cole, CBS.MarketWatch.com
Last Update: 10:51 AM ET May 21, 2002
NEW YORK (CBS.MW) - Shares of Hewlett-Packard inched higher Tuesday with a modest advance that was enough to set the tech giant apart from broadly lower chip and PC shares.
The Philadelphia Semiconductor Index ($SOX: news, chart, profile) fell 0.9 percent the Goldman Sachs Hardware Index ($GHA: news, chart, profile) lost 0.8 percent.
Intel (INTC: news, chart, profile) gave up 52 cents to $29.66. AMD (AMD: news, chart, profile) lost 3 cents to $12.11.
Teradyne (TER: news, chart, profile) fell 32 cents to $30.62.
EMC (EMC: news, chart, profile) lost 16 cents to $7.65.
PC shares tracked lower, as well.
Hewlett-Packard (HPQ: news, chart, profile) bucked the losses and rose 1 cent to $19.51. The newly merged company said Monday that it's going to resume its stock buyback activity with a $1.4 billion initiative.
Other PCs fell as Apple (AAPL: news, chart, profile) gave up 29 cents to $24.45. Dell (DELL: news, chart, profile) fell 45 cents to $26.77.
Gateway (GTW: news, chart, profile) lost 8 cents to $5.80.
August Cole is spot news editor at CBS.MarketWatch.com in Chicago |
