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Technology Stocks : Ascend Communications (ASND)
ASND 197.10+0.1%1:24 PM EST
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To: Gary Korn who wrote (37734)3/5/1998 8:32:00 AM
From: Glenn D. Rudolph  Read Replies (1) of 61433
 
Would someone please explain the connection here to me?

Nokia plunges on Intel warning

Reuters Story - March 05, 1998 03:53
%HOT %FI %NORD %ELC %US %ELI %DPR %TEL NOKSa.HE INTC V%REUTER P%RTR

HELSINKI, March 5 (Reuters) - Shares in Finnish
telecommunication equipment group Nokia fell sharply at the open
on Thursday in the wake of a profit-warning by Intel Corp
, brokers said.
Nokia opened down 20 markka, or 3.7 percent, at 515 markka
after closing at the equivalent of 533 markka in the U.S.
In 10 minutes some 80,000 shares were traded for a turnover
of about 40 million markka.
At 0840 GMT the share inched up to 518 markka.
"It will trade between 515 and 520 markka until we see what
happens on NASDAQ," one broker said.
Intel's profit warning came after markets closed on
Wednesday.
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