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Intel Hurting

by Steve Gibson, Sep 22, 2000 2:39am PDT
Related Topics – Intel

By the time most of you guys read this it will probably have already happened. (Market open, stuff going crazy) Intel put out a warning after the markets closed yesterday warning that their profits have taken a pretty big hit. In after hours trading alone their stock prices have dropped by 21%

The sales warning -- Intel's first in more than two years -- sent its stock plunging 21 percent in after-hours trading and dragged down other high-tech stocks. The late afternoon announcement by the world's largest maker of computer chips follows recent speculation global demand for microprocessors and personal computers is waning.
Not to mention that little old AMD company... update Jack - Crap crap crap crap crap crap crap...




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