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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Geoff Nunn who wrote (31710)	8/27/1998 2:58:00 PM
From: Night Writer	Respond to of 97611

U.S. TRADING SUMMARY: U.S. stocks were sharply lower in afternoon trade although they were off worst levels. At 1 p.m. ET, the Dow was down 274 at 8249. Earlier, the Dow slipped by as much as 353, which would have tripped a trading halt under older rules at the NYSE. Currently, it would take 10% slide to trip the breakers. Once again, concerns that the world economy is in for trouble loomed large on market players' minds, and once again, the worst news came from Moscow. The Nasdaq tumbled 77 points to 1691. The tech-laden index was over 90 points lower earlier. The S&P 500 was off 34 points at 1050. Declines trounced advances 9-to-1 on heavy NYSE volume of 550 million shares.

To: Geoff Nunn who wrote (31710)	8/27/1998 5:31:00 PM
From: Chuzzlewit	Respond to of 97611

Thanks for the confirmation Geoff. Actually, this kind of thing doesn't surprise me. It is a graphic representation of the kind of inventory exposure Drew was talking about. Perhaps someone could enlighten me: does Intel still make 266 MHz. PII chips, and if not, when did they cease production? One possibility about the source of the machines - they may be unsold machines coming back from some channel members. But even if this is the case, you expect this sort of thing to cannibalize potential sales of newer machines. TTFN, CTC