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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (61971)	3/13/2002 12:27:03 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Cisco sinks; Nasdaq declines 03/12/02 04:11 PM ET money.msn.com Techs suffer heavy hit of bad news about sales and accounting problems. SEC probes WorldCom loan to CEO. What will jobless data show? Some big names took big hits today, dampening recent enthusiasm over a gathering recovery and sending much of the market downward. Prepare and file your taxes online with H&R Block Earnings concerns, especially in the tech sector, coupled with a new round of accounting worries, pushed the Nasdaq Composite Index 1.7% lower. The Dow Jones Industrial Average, holding up better, recovered from early losses to post a modest gain. The headlining losers: WorldCom Group (WCOM, news, msgs) and Qwest Communications International (Q, news, msgs), which face accounting probes by the SEC. Meantime, both cell-phone maker Nokia (NOK, news, msgs) and networker Lucent Technologies (LU, news, msgs) reported weak sales for the year so far, calling into question yet again the health of the giant telecom sector.