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

To: Chuzzlewit who wrote (111169)	3/23/1999 7:56:00 PM
From: Maverick	Read Replies (1) \| Respond to of 176387

PC sales slowing Unit shipments of PCs at retailers rose only 0.8% in 2/99 as revenue plunged 17%, and Mar sales aren't rebounding as much as had been expected, according to PC Data Corp. The average price for a PC fell 17% to $947 from $1,139 a year ago.INTC's share of retail market fell to 38.3% from 67.3% in 2/98, as AMD continued to grab mkt share with its low-cost chips. AMD share rose to 51.4% from 29.9% a year ago. From SJ Mercury News Close Dow -218.68 at 9671.83, Nasdaq -73.18 at 2322.76, S&P -34.87 at 1262.14: Plagued by earnings concerns and the likelihood of military action in Kosovo, the equity market endured a broad-based selloff today... Very few stocks managed to buck the bearish trend which was denoted in a distinctly negative a/d line on the NYSE and Nasdaq... With help from a late buy program, the indices finished off their worst levels of the day, yet sellers pretty much called the shots from the opening bell... Losses were most pronounced among the technology stocks, but the selling pressure was pretty indiscriminate as red abounded on stock monitors... Most major averages were down at least 2%... The tech-heavy Nasdaq, however, ended down 3.05%... For the first time in recent memory, every Dow component posted a loss with General Motors (GM -4 11/16), General Electric (GE -3 13/16), J.P. Morgan (JPM -3 11/16), and Merck (MRK -3 1/2) pacing the pullback... Coca-Cola (KO -1 3/4) was another notable Dow loser, having struggled after Merrill Lynch cut its Q1 and FY99 EPS estimates for the company... Russell 2000 -2.5%... Nasdaq 100 -3.3%... DJTA -80.57... DJUA -3.27... SOX -15.96. From Briefing.com