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

To: Diamond Jim who wrote (49705)	3/5/1998 12:11:00 PM
From: chuckie	Read Replies (1) \| Respond to of 186894

CNBC ANALYSIS AT MIDDAY Channel 39 'CNBC' Thu Mar 05 12:00:47 1998 Bruce: Absolutely, bill. Yes, nasdaq has been hanging in there like a champ. Down sharply, off about 50 points right at the outside -- outset. Put at about 200 -- 250 equivalent dow points. Quite a sharp drop, but as you can see by the bug here it's come back almost 1/3 of its losses. Let's take a look at some of the sharpest moving issues. Of course, no surprise in-- intel off 10, off lows of the day at 60 million shares we're talk about three times, three times at noon eastern time, its average daily volume f all of february. So watch for maybe four or five times intel's average daily volume by the time we finish out here. Microsoft and dell also two major moving issues here. You would think there would be some sort of one and one correlation. After all an intel processor goes into every system dell manufacturers. Dell off 5 1/8 not taking it on the chin as much as intel is, and microsoft off 1 11/16. Last trade there 80 at 5/8. These not getting hit as hard hit on a percentage basis as you might expect. Also, we see here down at the nasdaq, cisco systems, is off 2 3/8, 62 13/16 last trade there. Networking stocks not taking it as hard. Overall it's the semiconductor stocks who are getting hit the hardes ron insana will tell us about what the sox index or semiconductor index is doing shortly, but we've seen a lot of comeback in the past couple hours and not a lot of collateral damage, the kind of damage that we usually see down here when we have that kind of warning from intel. Analysts have been concerned that warning was so broad based, not relegated to a single product or a single geography. That's what we've seen in the past. Asia the problem, not the problem for intel. In fact, the two biggest and most significant geographies, north america and europe, are the ones that are suffering here. You would think we'd see that reflected in a lot of the big north america and european players. That isn't -- isn't the case. Let's go down to right now to bob pisani down at the new york stock exchange where, bob, doesn't look like you're seeing much different picture there either. Bob: No, your observations are accurate, bruce. The tech wreck that was supposed to materializes -- materialize was getting tech stocks hit. The rest -- the market seems to be shrugging it off a bit, although we're on the downside. Let's get to tech index to give you a quick overview of where we stand right now. We've got semiconductor stocks right now down 5% right now. That is down on the day, but earlier down 5.2%. So that's clearly a bit of n improvement that we've got right now. Networkers down 2.4%. Here you see it. It was down 3% earlier in date. So we've got an improvement there. Software stocks down 1.2%. It was down as much as 1 1/2% earlier about 10:15 Hardware stocks 3 1/2% it. Was down 3.6%, A little improvement there. Disk drives was down 2.8%. It's now down 2.5%. The bottom line is we've got a little bit of improvement cross the board and we have nothing that is deteriorating further right now as far as the tech groups go. The Intel Page home.sprynet.com