To: The Duke of URL© who wrote (89072 ) 9/28/1999 11:31:00 PM From: puborectalis Read Replies (1) | Respond to of 186894
Intel Shares Dip Amid Mixed Trading Chipmaker Unveils Data Center as Part of $1 billion Roll-Out By Warren S. Hersch New York 4:52 PM EST Tues., Sept. 28, 1999 Shares of chip maker Intel Corp. dipped slightly amid mixed trading for tech stocks on Tuesday The Dow Jones Industrial Average dipped 28 points to 10,276. The Nasdaq, meanwhile, fell 5 points to 2,756, while the S&P 500 edged down 1 point to 1,282. Shares of Santa Clara, Calif.-based Intel fell 69 cents to $77.50. On Tuesday, Intel said its first data center providing Internet hosting services for corporate customers is operational. The first big data center, located in Santa Clara across from Intel's headquarters, is an 85,000-square-foot facility capable of hosting more than 10,000 servers. The chip giant is investing more than $1 billion to set up data centers worldwide to establish its new Internet services hosting business, Intel Online Services. Meanwhile, shares of other semiconductor makers also were down for the day. Advanced Micro Devices Inc. finished at $17.06, down $1; National Semiconductor Corp. lost 13 cents, closing at $33.44; and Micron Technology Inc. ended at $76.38, down $3.50. But Texas Instruments Inc. rose $1.50 to $86.81, and Motorola Inc. gained $2.13 to finish at $88.63. Among PC makers, Hewlett-Packard Co. dipped 94 cents to $95.19; Dell Computer Corp. dipped 19 cents to $43.88; but IBM Corp. ended at $123.81, up 81 cents. Gateway Inc. closed at $45.25, up 31 cents; and Compaq Computer Corp. rose 44 cents to $22.81. As for channel stocks, Ingram Micro Inc. ended 44 cents lower at $13.19; Inacom Corp. dipped 6 cents to $9.38; MicroAge Inc. ended at $2.25, off 44 cents; and CHS Electronics Inc. finished at $1.69, down 13 cents. Compucom Systems Inc., however, gained 13 cents, closing at $3.75.