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.

Technology Stocks : Network Associates (NET) -- Ignore unavailable to you. Want to Upgrade?

To: Wigglesworth who wrote (2224)	3/24/1998 2:32:00 PM
From: Shelia Jones	Respond to of 6021

This CFO information was on Nightly Business Report Enjoy your humorous posts Wigglesworth. Paul Kangas' Wall Street Wrap Up Nightly Business Report, Friday, March 20, 1998 at 21:35 JEFF YASTINE: Well, there was no holding the buyers back today as investors shrugged off triple witching and strongly bought the blue chips, pushing them to another record high. The Dow Jones Industrial Average opened higher,jumping 50 points, helped by a firm bond market, while the NASDAQ Composite moved in the opposite direction, losing ground as investors took profits on their high-tech holdings after a record week for that index. The Dow Jones Industrial Average continued heading north in early afternoon trading, up more than 60 points by 2:00 p.m. Bond prices remained firm. The oil sector alsohelped with energy prices slightly higher today. Otherwise, stock buyers brushed off any fears about inflation or lower earnings because of Asia and kept bidding up their favorite large cap stocks. The Dow cleared its third century mark of the week, closing up 103.38 that's 8906.43. ... In NASDAQ trading. It was down 10.82 at 1789.16. For the week, the NASDAQ gained 17 1/2 points. Volume down about 33 million shares from yesterday's pace. And 20 issues up for every 21 down. Hi-tech issues taking a breather today, Intel (NASDAQ:INTC) lost 1 9/16. Microsoft (NASDAQ:MSFT) dropping 3/16. Dell Computer (NASDAQ:DELL) down 2 5/16. WorldCom (NASDAQ:WCOM) slipped 11/16. And Network Associates (NASDAQ:NETA) ended off 4 15/16. There was concern that the company might miss first quarter earnings estimates. But the company's CFOs today said the company is on track to hit its earnings target. Cisco Systems (NASDAQ:CSCO) closed down 11/16. ... Nightly Business Report transcripts are available on-line post-broadcast. The program is transcribed by FDCH. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. (c)1998 Community Television Foundation of South Florida, Inc. ÿ