Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: SSP who wrote (53574)	7/5/2000 2:35:00 PM
From: SSP	Respond to of 150070

Semiconductor Industry Tumbles New York, Jul 05, 2000 (123Jump via COMTEX) -- Stocks looked to continue their losing ways into midday trading as a semiconductor industry downgrade and profit warnings from software makers led investors to bail out of the technology sector. The tech-heavy Nasdaq was down 65 points at midday. Texas Instruments (NYSE:TXN), Advanced Micro Devices (NYSE:AMD) and National Semiconductor (NYSE:NSM) fell after Salomon Smith Barney analyst Jonathan Joseph forecast that semiconductor shipments will slow and prices will decline. Midday trading found Texas Instruments down 4 3/16 at 64 13/16, AMD down 7 1/2 at 76 3/4 and National Semiconductor down 6 3/4 at 51 3/8. Computer Associates International (NYSE:CA) shares fell as much as 43% after the software maker warned that fiscal first-quarter profit missed analysts' estimates because of sluggish sales in Europe and its mainframe-computer software line. The company, whose programs control large corporate computer networks, said earnings were hurt after it failed to close several large contracts in the final days of the quarter ended June 30. Shares of Computer Associates had dropped 21 9/16 to 29 9/16 by midday. Shares of Entrust Technologies (NASDAQ:ENTU), dropped over 50% after it reported that second-quarter earnings fell short of analysts' estimates because of some sales delays. The company, whose software is used to create computerized IDs for online business transactions, said it expects to report profit from operations of 2 cents a share in the quarter, below the 8-cent average estimate of analysts polled by First Call/Thomson Financial and unchanged from the year-ago period. Entrust said earnings fell below expectations because some sales agreements were delayed, not because it lost business. Entrust was down 40 1/4 at 36 7/8 in midday trading. BMC Software (NASDAQ:BMCS) shares fell by as much as 35% after the company said fiscal first-quarter profit will be less than half of analysts' forecasts because of a licensing revenue shortfall. The company, whose programs speed up corporate databases, said it earned 18 cents to 21 cents a share in the quarter ended June 30. BMC was expected to earn 46 cents, the average estimate of analysts polled by First Call/Thomson Financial. BMC shares were down 12 9/16 at 22 15/16 in midday trading.