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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Sig who wrote (29853)	2/16/1998 9:57:00 AM
From: Rosemary	Read Replies (1) \| Respond to of 176387

Sig, How about a walk down memory lane, this kinda explains why we had a March downturn last year: DATE: February 26, 1997 Greenspan Rattles Markets, Tech Stocks Mixed Larry Dignan The Nasdaq and Dow fell Wednesday after Federal Reserve Chairman Alan Greenspan said he would consider raising interest rates as a preemptive strike against inflation. Higher interest rates eat into corporate profits, which are driving the market rally. Greenspan, in his twice-a-year address to Congress, warned that stocks were at unnaturally high levels. Greenspan sent the markets reeling in December after voicing similar concerns about the inflated financial markets. The reality check pushed the Dow down. The Dow closed down 55.03 to 6983.18 after falling more than 100 points immediately following Greenspan's comments. Tech stocks, however, were holding their own as the Nasdaq was down 7.14 to 1340.55. Dell Computer [Dell] was the most active issue on the Nasdaq after trouncing analyst earnings estimates. Dell had earnings of $1.01 cents a share, well above estimates of 80 cents a share. Dell gained 3 5/8 to 75 3/4.