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Technology Stocks : Intel Corporation (INTC)

INTC 34.32

-1.2%

3:59 PM EST

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To: Paul Engel who wrote (56604)	6/2/1998 5:30:00 PM
From: Maverick	Read Replies (1) of 186894

Some analysts said the rebound in the influential technology sector may be short-lived. ''There's a bit of a 'dead cat bounce' going on,'' said Arnie Owen, managing director of capital markets at Cruttenden Roth. ''But overall, it's fear and loathing in technology land. This is selective buying as tech heads into the summer dead zone.'' Investors were reminded again of Asia's woes on Tuesday. U.S. Treasury Secretary Robert Rubin said that the impact of Asia's financial crisis on U.S. trade was starting to grow, but the effect on the economy as a whole was small. Intel Corp. (INTC - news) pared its gains briefly midsession on news that the U.S. Federal Trade Commission's top litigator has recommended that the commission sue Intel for alleged antitrust violations, sources said. It closed up 1-1/4 at 69-1/4. By Huw Jones NEW YORK, June 2 (Reuters)

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