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.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (26403)	12/20/2000 4:07:49 PM
From: Dealer	Respond to of 65232

I went back and edited. Thanks! I hope we can go up half-fast as we came down. dealie.

To: SecularBull who wrote (26403)	12/20/2000 5:08:22 PM
From: stockman_scott	Respond to of 65232

Downgrades taint PC sector By Janet Haney, CBS.MarketWatch.com Last Update: 4:13 PM ET Dec 20, 2000 NewsWatch NEW YORK (CBS.MW) -- Rating downgrades from Wall Street analysts tainted the PC sector Wednesday, as IBM and Hewlett-Packard fell on words from Merrill Lynch. The investment firm lowered its outlook on shares of IBM and H-P to a near-term "neutral" from near-term "accumulate." Merrill cited a "dramatic" slowdown in IT spending, along with longer-term fundamental issues as reason for IBM's new rating. Likewise, Merrill cut H-P due to what it sees as fundamental risks, slowing IT environment as well as poor Unix orders. See Ratings Game. Losses in both stocks contributed to a downfall in the Goldman Sachs Computer Hardware Index ($GHA: news, msgs). The index tracks the stock movement of PC makers, storage providers and other hardware manufacturers. It fell 6.8 percent to 335.91. IBM (IBM: news, msgs) shares fell $4.13 to $86, after hitting a new intraday 52-week low of $85.19 in earlier action. Meanwhile H-P stock dropped by 88 cents to $30.44. Storage provider EMC Corp. (EMC: news, msgs) stock lost $7.38 to $55.62 and Compaq (CPQ: news, msgs) shares shed $1.53 to $15.48. Likewise, Dell (DELL: news, msgs) stock ran amuck by $1.63 to $16.63.