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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Tony Viola who wrote (103521)	5/18/2000 8:14:00 PM
From: Don Green	Respond to of 186894

Intel tops Cisco in market value By Sam Ames Staff Writer, CNET News.com May 18, 2000, 4:10 p.m. PT URL: news.cnet.com Intel now can claim the title of top dog in the technology world. Chipmaker Intel has a market capitalization of $413 billion based on today's closing price of the company's shares, compared with a market cap of $385 billion for networking giant Cisco Systems. Intel passed Cisco in market capitalization yesterday, and extended the lead today. Intel shares closed up 75 cents at $123.94, while Cisco fell $2.63 to $55.38. Intel announced yesterday that it will split its shares 2-for-1 July 2, and that its board of directors will raise the chipmaker's quarterly, post-split dividend from 1.5 cents a share to 2 cents. Market capitalization is not the only measure of a company's financial might, but it can be a source of bragging rights for executives and employees. "With respect to the current valuation, Intel seems to be the only mega-cap technology name that's a safe bet in the current market environment," said Ashok Kumar, an analyst at Piper Jaffray who covers Intel. Although Intel shares have dipped about 14 percent since March, the shares have surged more than 110 percent in the past year. By comparison, Cisco is up 91 percent, and the Nasdaq composite index is up 39 percent. The two tech giants surpassed Microsoft, whose shares have fallen sharply because of investor concerns about its antitrust lawsuit. Microsoft shares closed down $1.50 today at $66.19, well off of its 52-week high of $119.93. However, the tech companies are all chasing General Electric, which recently reclaimed its title as king of market capitalization from Microsoft. GE, which closed down 50 cents at $53.13, has a market cap $524 billion.